The markets looks like their getting ready for more upside, even though the price action is at the $SPX trendline and just above the current $NDX trendline. Short term they are getting slightly overbought and a pullback is possible, but the next bottom will probably be a great buying opportunity (but buy cautiously and in small increments, please!) and ...Tomorrow was the first serious date I had for the start of the up move anyway, although Fed actions may have caused the low to occur sooner (the 17th) and higher than analysis indicated.
I have several breadth indicators that are rather unambiguously saying the bottom is in on the macro scale, it's just a matter of picking your entry point and stops. As I have said some sort of pullback on this incipient wave up may occur sometime Monday, although at this point it's hard to say how long after the open that will happen or how deep it will go...Watch your indicators...
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