The cash SP500 has made a qualified break of the 1341.59 line and so the daily chart is once again in a bullish position. In review the daily chart was in bearish mode from February 22 to April 27. The allocation mix meter is now raised to +75%. The market is now likely to move higher (in time) until, at a minimum, a complete sequential countdown has formed. Yesterday was bar #8 of a required 13. As far as price goes, the first TD Trend Factor target off the March low is at 1391.7 and is marked on the chart. 1391 is also 240 degrees up from the April 18 low. Still watching to see whether the RSI can get above the area reserved for bear market rally resistance (parallel red lines).
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