The question today is does the Daily confirm a Phase 1 or does the Daily Phase 2 continue? The SPX must get above 1518/19 for the Daily Phase 2 to continue. The 60 min has confirmed a Phase 1 this morning and has exceeded it's projected low of 1503.8, it looks like the 60 min is going to confirm a Phase 2 during this hour, the projected high will be 1522.20, that would indicate the Daily will likely remain in Phase 2.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."