"In summary, the most bullish indicator is the chart of $SPX. When that is the case, one is best served by sticking with the upward momentum and remaining bullish."

The S&P 500 Index ($SPX) broke out to new all-time highs again this past week, and now has closed at a new all-time high or traded at a new intraday all-time high on six of the last seven trading days. That keeps the $SPX chart bullish. There should be some support near the 3340 area, which was the old highs that were exceeded this week.