Dow'60min
sp'60min
Trans'60min
Summary
New historic highs for the Trans and R2K (not shown).
Looks like a baby bull flag on the Dow hourly chart, although lately, they've been somewhat unreliable.
New high for the sp' @ 1530, a mere 46pts away from Oct'2007 high.
Nothing bearish, is there?
Even if we break the lower channel of sp'1520 (at the Wednesday close), downside is now almost certainly no lower than 1490.
It remains a disturbing market of near complete bullishness, with total complacency about everything.
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More later..on the VIX, Indexes, and the bigger picture into the late summer/autumn.