12:30 c.s.t. update: Either (i) of [v] of 3 is complete or (b) of [iv] of 3. Watch the 1313-15 pivot area. If it holds, then we should see a nice impulse up, otherwise watch the orange channel mid line as a target for (c) of [iv].
Once again, I believe near term downside is very limited. I posted this chart yesterday for my subscribers along with the Buy/Sell signals for the 10 indexes I follow: