Small caps are outperforming large caps this morning, with increasing Breadth, now at 3.81:1, advancers.
7:15, The best option on the squiggles at this point in time is the SPX in 3 of 3 of 5th, with an upside target in the 1342 area. The low of the black 2nd wave is very important to this count, the SPX has no business testing this area, 1301.67. The Russell this morning did make a new high, so the 1-2 count on that index was invalidated, the Trannies are still suffering thou. Breadth this morning is currently running 3.03:1, advancers, respectable, but not super bullish.
I went into TNA 15 minutes after the open, at $77.63.