After close consultations with the venerable "Mr. S", I feel the need to issue an alert for an upside surprise.

I'm not going to get into details, but there is a surprise Elliott count and measurements that could take the markets to new highs from here. Friday could have been the reversal. The new count would take the S&P up to near 1250 before the final top.

This is not a primary count, but an alternate one. SO, be on alert for a possible continuation of the reversal.

Also note the weekly interview is in the entry below this one.