Bulls were euphoric today. SPX 0.76% recaptured and rallied above its 50 EMA . What it really did was just to backtest the median line of the trendchannel. Warm-up should be complete. These days most assets are saying hello to their 200 moving averages . Time has come to the invincible SPX 0.76% . Let it be brutal. Keep reasonable stoploss in case euphoric phase is not complete.