Thursday's bounce exceeded the estimated upside target range by a few points...
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Yesterday's decline in the S&P traced out a 5-wave down leg whose subdivisions appear complete...
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Price has finally reached the first of many milestones: the 50-week moving average...
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The ES has finally reached the top of the high-volume area (HVA)...
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I expect prices to continue to drift higher, looking for value near the top end of the trading range...
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A week ago, I wrote about the Cloud Computing bunch, citing the gloomy picture on the charts of VMW and CTXS...
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The ECB appears to have fired the much-anticipated 'bazooka'...
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The overnight action is undeniably constructive and could be setting the stage for further gains through the end of the year...
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We should expect one more down leg to put the finishing touch on this corrective pattern...
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Both the S&P and DJIA had a '5 percent day' on Thursday...
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