The bearish period has ended as March 3rd-5th was the expected bottom zone as far as "cycles" go. Meaning the low is very likely "in" now and we should be starting a move up to 7600+ into mid-April or May. Of course we could see some pullbacks along the way but once we breakout to a new high those pullbacks should be small as we'll be in some degree of a wave 3 up during that period.
On the big picture here's what I see on the weekly chart...
Right now we are in the early part of the move, but by OPEX week we should see the big squeeze start  I exited my shorts on Monday and got long, which I plan to hold into April OPEX. So I will ride out all the up's and down's as I have my goal and I'm not going to try to go in and out as it usually screws me. As for a daily chart, here it is...
I really don't have much to say as the short term moves up and down are hard to figure out. I'll only say that it's highly likely that the lows are in and that we should start the next big rally up soon, and it should last into mid-April or even into May, with a target of 7600+ on the ES/SPX.
Have a great weekend.
