SP500 1.621 held up well as support and the markets turned to a new high again. Now the heavy 8 MA:s are up and I think the downside trial might be postponed for a while. As I have said 1.634 is next target but the market can well stay around the new top for a while. The big daily chart and the channels probably plays in here as well and then there is not very much higher the trend can go. Look at these charts a bit below if you are interested.

SP500 2 hr 16:15