Unfortunately, we have more of the same chop as Tuesday. INX did make another new nominal high for the current sequence at 1208.47, which is adequate for the "Fifth" of "C" of "4". Therefore, the decline beginning near 10:20 CDT this morning may very well be the beginning of the "5th" down of the next larger degree of trend but we want to see INX prices below 1170 before going only with that idea.
If prices hold current levels near INX 1184, then one more push to INX 1220 could be in order.

- INX and ES 30 minute bars
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