In summary, SP's still look positive, that is the most important market indicator, and if SP-500 doesn't break support at 3200 the price trend will remain higher. So, there is no panic, SP-500 is trading around all time highs and it's all good for now, but you better be very observant next 4 to 6 weeks.

 

The post 1929 crash rally lasted 124 trading days. The post 9/11 rally lasted 121 trading days. Today is 106 trading days after the March 23, low.

 

"When you see better returns buying laggards, signs of a trading range environment."

The path of least resistance is still to the upside.

Enjoy the ride !