The Nasdaq 100 has regained the 50 DMA. I think we can safely assume the move down into the daily cycle low is complete, and the PPT has again managed to hold off another intermediate cycle low. We’re now too close to the next FOMC meeting for the market to be allowed to continue correcting.

The ICL if we ever get one, is now pushed out to September, except there is another FOMC meeting in September.