SPX Update: Everything's Coming Up Noses

The market has proved incredibly resilient since the "tariff crash" (which seems like a lifetime ago already) and of course is back to yet another new all-time high.  Let's look at where we are in the charts.

First up, I don't need to annotate this one, but it shows that SPX has formed a potential bull nest over the near term.  Bears would need this to be part of a diagonal (or b-wave), otherwise it's just going to run higher for a while (at least a few weeks):

Bigger picture, SPX is back into the blue channel:

Much bigger picture, I still hold the same opinion I've held since August:  Unless/until bears can whipsaw that blue and black breakout, they just don't have much to chew on: 

In conclusion, unless there's a fairly direct reversal to make things interesting again, it's likely that bulls have the ball and a new bull nest to run with.  Trade safe.