No Spike Yet; Wave 3 of 5 to continue?

I really want to see a spike. If today is the end of Wave 3 of 5, then we should get a spike up. If we don't get a spike, we may go higher tomorrow.

AAPL earnings are next Tuesday, and we can drift up with minor pullbacks until then and hit 1230 or so on the SPX. That might be the end of Wave 3 of 5.

But NDX has already hit the upper horizontal line on this chart.

http://tinyurl.com/yl2x6ys

and that is significant.

p.s. I do think that this topping process will take a few days -- perhaps until April 20-25. I don't think the market will collapse before AAPL earnings on April 20. I will take profits on my May Puts at the first weakness and re add June Puts on subsequent highs.

I will consider buying a few AAPL Calls or Puts tomorrow, to sell before earnings on Tuesday afternoon. They will be worth more before earnings because of increased volatility.