We might want to give the same thanks for the attached Trend Models. If you put aside my own stubborn bearishness, after scalping about 8% on the downside, the models are up about 5% on the latest slew of Buy signals.
SPX_60 Trend Model
My commentaries notwithstanding, this is some excellent market timing. The EW picture remains the same, this spike-up does not eliminate or ever alter the wave count, but as you can see, the market is not going to turn down until it is ready and the legions of bears are completely demoralized. We are not there yet, but we're getting there.
SPX_240 Trend Model
