As you can see, the quarterly chart on $SPX is a DOJI...

This shows some indecision at these levels so far, but we want to see if the quarter closes red (caution for bulls) or green - to see if the wave continues.

There are multiple counts as we discussed... and we are watching the quarterly close and this channel to see if a larger wave C may be in store with that UTL below...

With FOMC this week, there is a chance that the quarterly candle could be called early, and if so, that should give us more insights into that wave count.

Here is a video with more insights:

Dr. John