One really interesting thing this afternoon was the way the VIX behaved, bottoming back on Monday at 17.23, and up again for the day finishing at 18.55, very close to the high of the day.
Breadth for the day ended at 2.08:1, advancers, that is up from yesterday and so was the volume. This is a small bullish sign seeing the breadth and volume increasing, and I said small, because a breadth reading of 2.08:1, is not very impressive.
Levels to watch tomorrow for lower lows start at 1140.09, then are followed by 1136.78, and 1134.90 for the minor lower lows, and the big one to break below would be at 1116.58.
I still plan on working with that bullish impulse wave count posted down below this morning. I am not 100% satisfied yet on the labeling. I have not gave up on the idea that a corrective wave could take us up beyond 1150.45, in part of a larger corrective pattern, or an ending diagonal, but the 1-2 down label would need to be removed.
9:59, This is the first decent looking ending diagonal I have seen in this whole rally, it will be very close to breaking 1150.45, please see the chart below.