What might be an A_B_C or an alpha-beta wave is throwing off buy signals. Here in the SPX the pattern is not as clean or striking as in other issues, but after listless sideways drifting today looks like at least a small explosion and the buying signals should not be ignored.
The signals occurred across the market in all the indices. Here is the QQQ:
Readers should remember that we are in a market of extreme treachery. Our interpretation here would be unassailable in a trending market. In the present sideways contrarian market one must be alert for bear attacks. So set stops 5% down and honor them.