The trouble with using new software is that if something goes wrong, you have no idea what is causing the problem and how to fix it. For some reason the annotated charts are not working right now; I think a reboot would have fixed it but I had spreadsheets going so I couldn't try it, so it's unannotated charts today. There isn't much to annotate here: we can see that the SPX advance has stopped right where it should, at the R1 pivot point. Volume dropped off a bit today, and it is likely we are going to see a pullback tomorrow, as the computers are probably watching that R1 pivot closer than I am. I am expecting at most a very slight pullback, but conceivably we could go as low as the 50dma (the simple average, which is higher than the exponential average shown here). Overall we are still in bullish condition, but a pause appears to be in order here.
The market appears ready for a pause, or even a moderate pullback, but overall, it is still leaning bullish, so I am looking for a positive July. Beyond that, I won;t hazard a guess.
I will have the new highs update shortly.