Indices are extending
INDU as of 5/12/21
SPX is showing short term divergence with its momentum and with other indices.
No change in tracking the current upswing as a small-degree B wave-up and monitoring the possibility that the blue C may be extending into the green C - currently in wave two-down.
Pattern breakout at a minor degree (Chart 1), awaiting follow-through at a larger degree to potentially finish (Y)-up (Chart 2)