Will we break the C-Y Trendline?

The cash S&P500 formed had two uptrending days in a row as the market has advanced since the “Popgun” pattern formed at the close on Monday.

As today’s Intermediate term price pulse chart shows, the market is approaching the “C-Y” trendline. According to the price pulse theory, a break of that trendline would confirm that the Z-pulse; and hence the retest of the January 23 low, is complete.

If we do break the trendline we will then have a basis to look at how far and long the up move may travel.