Retracement clearly over, and now 5 out of 7 of my panel of leading indicators are suggesting that more crazy upside on the S&P500 is on the way. Only the High Yield Bonds and the Russell2000 have not taken off - yet.
On the contrary, we can visibly tell that the S&P500 is being stretched. It obviously is.
Nonetheless, expecting further gravity defying up spikes, at least for the next two weeks or so ... tread carefully!