Not much to say today.
NYMO cycle is up but may confirm down today.
I think a better characterization may be that it is coiling around the zero line.
Hence, the flattish chop we are seeing in the index.
We have two gap target prospects above and a stack below.
Bulls have fallen back inside the upper keltner again, which turns one to eye the middle keltner as a potential destination.
Bottom line is consolidation without good tell at the moment.
Perhaps we get more clarity by end of week.
I remain long my SPX runner position, but criteria to jam a profit stop are falling into place.
I am flat R2K after another small loser on the long side.