sp'daily5
sp'weekly
Summary
Underlying momentum on the daily charts is indeed ticking lower..but we're still net positive, and by definition the trend is still broadly higher.
Weekly charts show how the 1474 level is indeed holding right now, but as I keep noting, the Trans/R2K are way over that.
In fact, the trans broke a new high earlier...
Clearly though, its at the upper edge of its channel, so a pull back is very viable, if only to the mid 5400s.