Marekt: Rally looks good on the surface. The short term sentiment indicators suggest it is going nowhere fast. Although the day is young and I don't know where we close, I have compared the sentiment readings of today (so far) to those of May 11 and 13th where we closed around these levels (comp 1931) and the tank is less full now by 45% to 55% and while not extreme are suggesting eventual rally failure.
Price indicators are moving in sell direction as well but not there yet.