One other interesting point today, the odds for a new Hindenburg Omen really increased again today with new 52 week lows now up to 93 issues, which is enough for that requirement, and in itself should be a warning to the bulls that this rally is falling apart. Definitely having the 52 week new lows more then double in the last two trading days while the major indexes were making new highs is not something one would expect to see in a sustainable rally, but more of something that would be seen at a major top. There are still two more requirements for the Omen, first, the new 52 week highs cannot be more then twice the number of new lows and this is where it fails today with 279 issues making new weekly highs. Also the McClellan Oscillator would need to be negative. A down day tomorrow would really put the bulls back against the wall and quite likely trigger an Omen.
I added three areas on the above chart marked with yellow dots that are the more important spots of support, all of which need to get taken out to confirm a new downtrend.