Bulls in control of the market. Dips are aggressively faded. Even though the indexes are not managing to make much progress the vast majority of stocks continue to show sideways patterns rather than breakdowns.
The breadth as measured by T2108 has deteriorated but so far we do not see much of that in $bpnya and Market Monitor.
A series of down days will change the current condition. Till you see first down day , the benefit of doubt is to bulls.