My speculation is that we're in wave A. Wave A is nearing completion. There will be a much needed B wave dip before the final C wave of this "Z" completes.
It is the only explanation I have for this new post-crisis high in the SPX that occurred Friday.
Support for the SPX remains at 1133 and then 1107, with resistance at 1168 and then 1179. Short term momentum finished friday around neutral.
Historically, when the Nasdaq leads, it becomes very bullish for the rest of the indices.
The London FTSE 100 is a better representation of what could be possible. It is, surprisingly, the most bullish of all the indices. I'll be watching Monday for a short term top of its A wave.
Market Data 
Markets 
AI
