Get ready for a strong bounce in stock markets today- Spx 1118 is on the works - UPDATED

We are watching the FTSE for clues about next move on international indeces, including US. It seems to be bouncing off of IT bullish trendline which will propell a bounce to previous support (shorter grey line) if 5200 area is taken out. Under such conditions, expect SPX to test 1118 area or little higher.
GL





9:00 AM EST update

FTSE 100 got its level, now looking for more upside. International indices to follow up.