The Standard & Poors 500 Index ($SPX) has made repeated new all- time highs -- both intraday and closing -- over the past three weeks. This action has, of course, resulted in a "bullish" $SPX chart.
The bears have made several attempts to sell the market intraday, but each time it seems to quickly regain strength especially late in the day.
Equity-only put-call ratios have remained bullish, AS well.
Market breadth has been week. As a result, both breadth oscillators registered sell signals on Monday and Tuesday of this week. These sell signals are still in force.
Volatility indices have bounced around at...