1. AAPL's delicious $22+ pop and fade to red after its earnings
2. The fact that we have retraced 72% off the 1536 bottom. The first bounce in the 2007 cycle retraced 72%.
We have three big days of data ahead: Durables, UE claims, and GDP. Big misses on the numbers, plus a 400K+ claims figure, could roach the indexes and take us to SPX 1500 by EOW. After a bottom next week, we would be set for a sharp W2 into the May New Moon.
After that, we test the larger rally channel, the trendline up from 666.
Since we already wrangled with the top of the Jaws of Death megaphone, I'd be happy if we continued down. The move off the top can count as a legit 5-wave impulse, if that's what we've got here.