Spoo..2988 & Nasd 100 7842 are the first upside targets.
Nasd/Bond is trading above the multi decade pivot @ 5030.
It will take 22 consecutive closes over this level to confirm higher.
Spoo’s have turned up on all Point & Figure charts.
Price action @ 2965 (the 2017 upside target) will run price action.
Spoo would need a print into 2942 for this to be a false breakout.
Not happening anytime soon.
Semi’s and China associated gaming names are leading.
SMH is retesting the April breakdown level @ 115.