S&P500 futures are up .33% to start the week. Nasdaq 100 futures are up almost 1%. The tech collapse of two Fridays ago is in the rear view mirror, but it's left some cracks in the road ahead.
S&P500 futures appear to be putting in a nice 'W' bottoming pattern which means new all times may be coming early this week.
Nasdaq futures continue their ascent.
Small caps led the market out of the pre-election sell-off in November and remain the market leader when the short term trend changes.
The multi-month consolidation phase continues, with the likely resolution being a sharp move to the upside.
They say don't short a dull market, and the VIX is implying just that. Dull, boring, mundane.
What's worse, or better, depending on your market bias, is that we are heading into the summer months. Aside from some brief Brexit, China, and Debt downgrade drama over the years, the summer months have seen some rather incredibly boring, light volume market action. Which usually equates to slow, deliberate upside.