(Click Chart to enlarge)

(Click Chart to enlarge)


Lets be clear, I wouldn’t be that naïve to call this THE top of this massive bull run.  We may power higher from here defying gravity and stretching the Bollinger bands around the globe, but I would say this markets days are limited.  Historically, new highs followed by >1% pull backs have never been favorable in the long run.  If this market does decide to reverse, we don’t have to get ultra bearish.  Support can be found at 1633/1598 on the SP500, and bulls should welcome a pull back to these levels.


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