Early Update – Bounce Is Going Smooth, But Some Weaker 3C Charts Developing

12:30 p.m. ET Our bounce is going along smoothly and heading toward measured moves (SPX $5200). there is some slight weakening in 3C charts of SPY/QQQ as we get nearer to the measured moves, but there’s some rotation to Small Caps as they closed above that 2+ year top of the lateral range Friday and…