i.e. the move up from SPX 1343 looks more and more like it counts in 3 waves -- A, B, and C -- with a strong possibility of C finishing up this week into the coming turn date.
Monday, we should pull back on the UK downgrade (released after market close, of course) and then rally midweek with the Bernanke testimony, just, well, just because. We'll look for an ending-diagonal shape and will especially dig it if it can terminate off the bearish wedge overhead. That's the setup.
Stay frosty. And listen to Burt!