The Bullish count that was talked about yesterday was the one that came through and have moved up substantially before we made a correction. There is a greater chance now that we go higher by monday as we see a reset or bottoming of the 15 and 5 min charts in the SPX. This should keep the 60min Stoch. at overbought levels or near it, and maybe we get that divergence to finally end this top. As far as our daily count is concerned, we can definitely make a divergence to put that cherry on top.
The weekly charts for the market index has kept bullish and overbought. A turn down next week would be ideal because we are in a good "set-up" situation.
So for the week coming up, lets look for higher prices and for divergences to occur and a possible cross down of the weekly Stoch. indicator if not out of the overbought zone at least a trend downwards.
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