[S+P500] update

Hmmm.  S+P is following the backlink model reasonably well.  It suggests that the selloff that is coming might get a very deep vee retracement to bounce back up near or even above W3.  One step at a time though.  It looks like 5 of WC is within a few days of arriving.  As usual, the break down back into the channel following the initial break out the top would be the UVXY buy signal.