The S&P 500 continues to creep up and is again testing the resistance at 3030-40 that stops the market several times over the last few months. The market is slightly overbought according to our ten day oscillator based on the advance/decline and on our fear/greed index. The good news is that the cumulative advance/decline broke decisively to new highs, confirming a strong internal momentum. Daily and weekly sentiment indicators stand at a neutral level.