Near-term Bottom for S&P?

Heading into the final hour of trading, the e-mini S&P 500 is pushing up against critical, final key resistance at 1293.75. If this level is hurdled and sustained, concurrent with a climb in the cash SPX above 1298.61, that would argue strongly that a significant near-term bottom has been established that also coincides with the bottom of my 70-75-day and 20-25 trading day cycles.

Should such a coincident signal occur today, it will be wise to exit short ETFs and look for a pullback in the S&P 500 Depository Receipts (SPY) to reposition the long side into the first hours or days of the ascendent portion of the new "up-cycle" convergence.

Admittedly, it is just a touch unnerving that the e-SPU has climbed to 1291.75 from yesterday's low at 1257 (+2.8%) right in front of the Greek vote. That said, regardless of the reasons or counter-intuitive circumstances that accompany cycle lows, the discipline calls for following the work when the signals unfold. It appears evident that such a situation is knocking at the door as we speak.