S&P Overly Rosie Melt-Up Possibility

For those out there who dream of the Mythical Melt-Up, here you go.

With the FED printing to the moon, China rolling over and playing dead, this would be the count for the Final Melt-Up of wave-5 of Wave-III. So the thinking goes, we are doing a 50% retracement of the move up since December 24th as well as closing all the gaps in the S&P that have occurred since then. Then we start a powerful 3rd wave of the 5th of the IIIrd up to who knows, 3200+. The perpetually Perma-Bulls on CNBC and Avi Gilbert would approve.

Do I think this is going to happen? Nah, just blowing rainbows out my backside... ;]