Bottom Line: A third wave rally is in its early stages.
Key Levels: Above 280.33, 324.90, 337.64 Below 133.74, 204.46, 231.43
Outlook: Higher in a developing third wave advance against 204.46.
Analysis: We continue watching for evidence a small second wave correction is at or near an end. Key support for our outlook is 245.59, with critical support at 231.43.