In summary, there are lots of crosscurrents right now. The SP-500 support area at 3630- 3650 has held so far. The SP-500 chart remains bullish and will stay bullish until it breaks 3550 area.

Violent downswings happening into Monday morning's stock market opening. We'll see what happens from here on. Lots of news to fuel the fire. Staying cautious until this sort itself out.

The major indices - $SPX, $NDX, $DJX, and $RUT - are all at new all-time intraday and closing highs now. Clearly, this market has momentum.

We have to remember that markets look the best at their high and the worst at their low. The market is overbought, but overbought doesn't mean "sell".

 Both 200-day and 50-day moving averages are rising. Uptrend continues for now.