The rally has been a straight-up affair, leaving a "V" bottom in its wake. Fortunately, our indicators have generated a strong series of buy signals along the way.
Since $SPX has sliced through virtually every conceivable resistance area, it makes it difficult to identify either support and resistance at this point. However, the overbought conditions that now exist have -- in the past -- caused the market to stop rising.
Equity-only put-call ratios continue to remain on buy signals, as they are now dropping steadily on a daily basis.
Market breadth oscillators were negative all summer, but they were the first to turn positive in...