The market is clinging to the bottom of the triangle. Still seeing all sorts of mixed signals with an insanely low CBOE Put/Call. Upside targets would be 848, downside targets are 818, 800.
The low put/call suggests a level of complacency in the market. This in and of itself would suggest the market could go higher, but at the same time any bad surprises here would lead to DISORDERLY selling. I personally don't see the low put/call as a bullish signal. It got to levels not seen since April 2008.
