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By Lawrence G. McMillan

Overall, the $SPX chart is bullish. The trend lines and Bands are all moving higher (even the 200-day Moving Average is edging higher), and the only resistance area of significance is that at the all- time highs -- which should be the next stop.

Equity-only put-call ratios are bullish, but are one of the indicators that seems to be struggling a bit. The ratios have moved sideways to higher over the past few days, although the computer analysis programs continue to declare that these charts are on buy signals.

Market breadth has been relatively strong, though. The breadth oscillators remain on buy signals, and they are deeply enough into...

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