S&P 500 and Dow having a difficult morning. There is a chance that aggressive bears treat the high yesterday as the end of wave ii and now in the early stages of wave ii down. Short-term bulls are h5anging on by a thread hoping that SPX bases above 3905 and more critically 3892 so as to avoid overlap in the rise up off the March 15th low. Would be bears need over 3937 to feel good about getting a new swing up in ii early next week.
Have a good weekend.