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[blustar]

On Friday, I stated that the 4 day low usually comes in early in formations like this and it did. The 1151-53 SPX area was the expected pullback area as it was the area of the previous bull flag lows. I don't expect any real selling until later on in the week and even so we may hold the 1148-51 SPX zone on any pull back [although not a certainty by any means]. The full moon when the sun is in Libra suggests a top due around Tuesday this week [between Mon and Wed]. So far, current wave action is irregular and topping, but wave 'x' had a bullish signature on it with an irregular top, too. We are in wave 'y' of a bull flag. All this suggests higher highs next week after some pull back [wave 'z'] late in the week. The daily MACD has given us a bullish cross further adding to the bullish bias.