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[tsharp]

while there's still an outside chance that this rally is the c-wave of wave-b, it seems less likely now that we've taken out the secondary swing highs... but the market is a wild beast, continually trying to fool as many as possible as often as possible, so i'll just keep that possibility in the back of my mind and see what next week brings.

so if this the beginning of the next IT leg upward, then we're now in wave-i or wave-a, and the most likely place for at least a ST high would be at the former swing high of ~1218, basis the spx... so there's a bullish and a bearish case to be made, and hopefully, we'll see by the end of this next week which case will prevail.

have a great weekend... i'll try to offer more charts later in the weekend.

--tsharp