Analysis from wavespeak.com:For such a flat day in the markets, we accomplished a ton of things today. Two major things occurred that need our full attention. First, the advance into the close was the first time since the ultimate high was put in that the Tech Indices showed relative strength as compared to the Blue Chips. This, I think, is a very telling sign that the winds are changing in the markets, a trend change back to up. Second, patterns have once again become clear. Impulses are easily identifiable, three-wave corrections are leaving little doubt in regards to their nature, and, well, the charts are just looking better all together. From yesterdays highs, we have a beautiful impulse into today's lows. This is what we were looking for to indicate that the decline was ending. Now we have it and now we're putting our money where our mouth is by going long the markets. In last nights newsletter, we highlighted the SPX, which has provided us with the cleanest pattern since it's high was put in a week ago today. Now that we have an impulse down on the charts, the decline is a textbook flat correction, comprised of a three-wave decline, a three-wave advance, and a five-wave decline. In other words, a 3-3-5. This pattern is easily identifiable on a 1-minute and 10-minute chart, and it indicates that today's low was the low for the decline. We should now be en route to new rally highs in wave C of 5, the last leg of this ending diagonal. 1075 should be reached, but this move has more potential than that.