The NYMO cycle has turned up.
It looks a little peekid to me as it is still a lower high to the 4/15 high, but it has satisfied the two closes above zero model criteria.
The recent downcycle was a fail as price never broke below the benchmark of SPX 4086.23.
This benchmark is now considered "unfinished business" to be cleaned up later.
Pricewise, bulls have reclaimed the upper keltner band, which is bullish.
Judging by the way price is hugging the upper keltner however, I am inclined to think the bulls have broken a sweat trying to keep things moving.
Rolling the rock up hill...
We have racked up a nice stack of gaps below that may serve as targets at some point.
Not much else to say.
I remain long my SPX runner position and have a taster long in R2K.
My percolating short setups last week never triggered.
While there are a few days to go, R2K looks to be putting in an inside month for April (not exactly bullish)
So, I honored a long setup
but limited size. May or may not add depending on price action.