SPX Update

We've looked at the intermediate and long term ad nauseum of late, so today we're just going to focus on the near term.

The first near-term chart shows the zone bears need to claim to start getting a correction going:

The second chart zooms out a bit and shows the larger uptrend channels (i.e.- the amount of wiggle room bulls have before they need to actually consider becoming too concerned about any near-term declines):

In conclusion, this is the nature of bull market uptrends -- they're kind of boring to talk about (I suppose that's one interpretation of the old expression that says: "Never short a dull market.").  Perhaps bears will get at least some near-term excitement soon, depending on how the market reacts to the first noted trend line (if it even reaches it).  Trade safe.