[EOD] Stocks -
The 200-day MA held (Chart 1). There are three competing scenarios.
 The June low is the bottom, either as the end of the correction since the Feb high or the end of the initial decline from a significant top at the May high (Chart 1). So the rebound is the start of a new bull cycle or a wave 2/B retrace.
 The rebound from today's low is wave (ii) of [v]-down (Chart 2).
Since NDX has made a higher high, it's possible that today's high is (c)-up of [iv]-up.
 Finally, there's the QE fractal discussed in recent weeks. Chart 3 offers an update - the market appears to be in a wave 6 rebound as marked the chart. This time, wave 6 may or may not get as high as wave 4 during QE1/2.
[1240pm] Squiggle update (ES) -
[830am] Overnight update (ES) -
ES likely to test the wedge trend line, now a potential support.