Its quadruple witching tomorrow, so the chop is likely to continue into the weekend. Everyone is waiting to see how the Greek elections go..and how the market reacts to it. Clearly, a move over 1335 early Monday would be a buy signal - at least for a few days.
sp'60min
vix'60min
Summary
Holding to primary target of 1350/60 for wave'2, ...and yes....to primary target for wave'3 of 1150/00 by late July.
The latter target being based on the grander monthly cycles of the indexes, VIX, Oil, precious metals, and currencies. ALL of them suggest a major smack down in July.
A somewhat quiet day so far.