Some of my core TA that I follow on the 1W. The S&P is way above the regression channel and making a mockery of the 100 and 200 SMA. The RSI was starting to show what looked like a correction but is now showing what looks like a rebound on the weekly. The PMO however looks to be running out of steam and is starting to pinch and switch from green to red. Currently the fib level is way up there off the 2009 low. It "looks" like the S&P is way overextended and running out of steam, but I said that months ago. So, make your own conclusions.
1W close up
1D with 21 and 50 day SMA
4h
Hope it helps and good luck.
Comment
⋅
This is a straight up look at a comparison to the 200 day SMA. IMO, the S&P has never been this far above that level for so long as far back as the 90's.