New Highs

'Cause she's so high
High above me
She's so lovely
--Tal Bachman

Favorable news from the G20 summit over the weekend has propelled the SPX to all time highs this am. The reverse head-and-shoulders tracing over the past few weeks was a technical hint that a bullish move was brewing.

Now the bulls have hold onto their newly won territory. Giving it back here would quickly shift the mo-mo back to the bears.