The main reason i see this rally as the final blowoff is that there are hardly any reactions to speak of anymore. We just go up day after day with only an occassional pause no matter what the news. This is the kind of action one usually ses at or near major peaks.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi