Last week I wrote: “My posture is to look for an up move next week, and as last week, a daily PMO bottom will be the first, if not infallible, clue that the market is done correcting. If an upside breakout follows, I will believe it.” As it turned out, we got the breakout and PMO (Price Momentum Oscillator) bottom on Monday. There was nice follow through on Tuesday, but overhead resistance drawn from the March all-time high put a stop to forward progress. Let’s dig into the technicals and see what next week may have in store.