Oh no, no. Too high, it's too high.

Great quote from Major League, if you find your self saying "Oh this market has to go down" and it isn't, saying a home run ball is to high to be a home run is the same thing. Don't fight the trend just yet

XLF broke through 11.20(I mentioned this level last night) and closed up at 11.73. Buying Financials will be the equivalent to buying Pogs back in the day. In about a year or 2 you will be left with just worthless junk. But people are buying.
The next resistance is 12.80 and above. Obviously a blind man could see that the market was lead by Financials today. That started a whole lot of buying.

Look at the MEGA B. Finally up volume and advancers showed up today. And it shows in the market.

The market is now heading towards the top of its trendline on the 60MIN. This could provide some resistance. RSI is now overbought as well and Stoch. But notice how MACD keeps making higher highs. That is bullish for the market.

On the daily chart we have a few scenarios that could play out. Right now the Light Blue I mentioned a last week is still in play. But I would suspect a bounce and a move to the Orange or Grey scenario. SPX is smacked against its trendline and we could see a pull back, but we could see the Black scenario play out. It's black because if this happens there won't any bears left. We closed above 900 today which is bullish for the market as well.

The market has extended it's self to the top of the channel, and a pull back may be likely but the trend is still up. So where the market goes really is about your time frame.

The dollar get smacked again today. The next real support for the dollar is 83. If the dollar keeps falling this market will keep rallying.

I went long DBC today, it has the most room to break out. A move above 21 will be bullish for this stock.