As for SPX, the Scottish method sees daily SPX set up to easily re-confirm on Tuesday the current long position and move upward out of the little four day consolidation. A Tuesday low above 2126.06 would do it. Of course the rest of the NYSE session needs to follow through to some degree. Since SPX remains up at a G9/Wilder seven point RPW, it would be best to have a good day up but to pull back somewhat--25% would be fine-- on the day's bar. Don't be too greedy, in other words.
The 2cs five day summation of daily CBOE puts/calls times daily CBOE VXO has been gradually getting more bullishly exuberant since SPX first closed above 2100 three months ago. It's about the same as it was toward the end of December but not quite as exuberant as towards the end of June last year, when it was the most exuberant it had been since 2007. Thus there is some headroom for greater bullishness if Ms Market wants to entice us.
The 20-30 year US Treasury bonds, measured by USM5, ZBM5, or TLT or EDV appear to be trying to turn up again (rates turning down). At a market chat site I came across a FED statistic that appears to lead turns by one to two weeks turns in the public bond prices of USM5 et al.
Gold has been unable to stay above the important Gann resistance level of 1225. My view is that gold and crude oil and most commodities and interest rates are, or have been, in short to intermediate term rallies and will soon fall again.
The system takes a lot of work, and points can change on a dime. So to do it and post it effectively requires constant attention, especially for three different assets. I'd almost have to do it on Twitter in real time. So I am reverting to simply mentioning it from time to time along with other indicators and when I have the time.
With SPX we are still on a sell from the open on May 5. But it could change tomorrow.