This week's action makes the $SPX chart bullish (how could it be anything else when trading at new all-time highs?).
There is no technical resistance for a chart at new all-time highs. There is support at 1850 (which had been resistance), then at 1825- 1835 below that. It is our opinion that a close below 1825 would be quite negative.
Equity-only put-call charts continue to be bullish.
Market breadth has been exceedingly strong throughout the recent month-long rally. That is strong confirmation of the new highs in $SPX.
Volatility indices ($VIX, $VXO, and $VXST) spiked modestly higher during last Monday's decline,...