The S&P cash is a few points from its all-time print high. It is struggling at the moment to get there. If it does, it will be critical to watch what happens immediately thereafter.

Breadth is positive but not particularly robust. Watch the TREND of breadth on the short-term charts. If the S&P makes a new all-time print high breadth should immediately begin to expand, or we may see a “sell the news” sell-off, at least in the short-term.

The Russell 2000 is also not acting well, so watch that, too.