Looks like no economic news can stop the bulls these days. It would have to be something much, much bigger, but also then they may use it just as another buying opportunity on the way up.
For now let's see how they cope with some little overhead resistance somewhere at current levels:

ES continuous contract high at 1235 about to be taken out. As I said before, this is totally irrelevent, because the $SPX and SPY are already well above the equivalent points on their charts. It's more an anomaly, in my opinion. Bulls on fire. I'm looking for a run into the close. Staying with the long side bias off the (expected) ABCD from this AM.

And yes, the smaller ABCD has 'played out' and could dump right off this 1.272 in here. But the bigger ABCD hasn't fully played out yet. That would be the driver for further upside into the close. We'll see. Maybe it's done right here, who knows.

There's the new continuous contract high.

I'm watching 36-37 and 40.25-41 next.

1.272 off today's ABCD sure holding it in right now.

It has been very effective recently

But now they have the pullback to launch it to the playout areas for the bigger ABCD from yesterday AM. Perhaps they need a bigger pullback. We'll see soon.

Amazing how this level just stopped it dead. I am always amazed when I see that.

I'm watching around 32.25 on this pullback, if the flat in here doesn't send it up.

Bingo! Took a little while, but it needed that flat to launch it. HOD, and a new high for the 'bulls#$&' market. Too easy.

It had to get one tick higher! That also got it to the exact 1.272 at 36.20 on that ABCD. So, we got a weekly close essentially at the high tick for the week, the month so far, and the entire 'bulls#$&' market. Those poor bears, still trying to call the top. For me, I'll just keep creating 'ride the long' plays.

It's the bulls time in the sun. I'm not going to fight that. I just saw in a Bloomberg survey not one single analyst was bearish on next year. 100% bulls! I'm seeing 'breakout' and acceleration calls everywhere. Sentiment is extreme for the bulls. It can get more extreme, or stay extreme for a long time. The $VIX is dragging on the lows, but can get lower.

Midcaps one good trading day from new all-time highs. Russell, Transports, etc. right behind Midcaps. The entire drop from the crisis erased, new all-time highs. Unreal. It's the bulls time to shine. Let them enjoy it, as it won't last. The bears will shine again, just not today. Goin' with the flowin'...