Juggernaut...

It's going up!!

Sentiment has pulled back from the highs... leaving room for a move in any direction.

Breadth has lifted significantly!

1. NYMO is hovering just above zero and is generally bullish.
2. NYSI is pointing up but will potentially leave another divergence if/when the SPX makes a new high, which is now only about 1% higher.
3. Cumulative NYAD is making consistent new highs after bullish divergence at the recent low.
4. Bullish Percent also printed some bullish divergence.

The relative performance of both RUT and COMPQ is a little bit indeterminate, but generally bullish.

 If the market is still going to make a 30% pullback this year we're in for some VERY steep drops!!

I've posted this next chart before but I'll post it again... The future relative performance of the Australian market looks very bullish.

In other news the gold chart looks like a clear bull market to me. The recent bear market reversed hard at the 50% retracement level and only slightly above a previous major high.