Here are hourly charts of the September S&P e-mini futures, the Spiders, and the QQQQ's. I last commented on these markets here.
I was confident that these markets had another down leg ahead before a rally to new bull market highs could begin. But this morning all three rallied past resistance. This forces me back to the bull side. I now think the futures will reach the 1570 level, the Spiders 155.50 and the Q's 48.50 before another break of as much as 20 points develops.
At the moment I am expecting a significant top in July. I think that the low we saw on June 7-8 was probably point 22 of the Domed House and that point 23 will develop in a about a month.