Just a quick update today, as there's not much to add from last update, except to note that the "textbook target" of SPX 2730-40 was captured, and proved to be resistance for a time. Futures suggest a gap up over resistance:
In conclusion,, this has been the strongest rally we've seen since this decline began, which tends to validate my view that it's a higher-degree corrective wave (potentially (2)/B) -- which is why I warned from the start that it could run farther and faster than many were expecting. Ultimately, I do tend to continue to believe that the rally is "just a correction," as opposed to a resumption of the bull market. Trade safe.
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