Today was a good day for the Bulls. While the NASDAQ is still lagging some, the Market internals certainly strengthened to possibly give it more fuel for follow-through tomorrow. The NASDAQ is at an extreme overbought condition today, so it would not be surprising to see some type of pause or rotation to work off the overbought condition. The SPY needs to hold above support that was resistance yesterday, as broke out of a rotational pattern it had been in since May of this year. Trading and closing below that level will suggest today’s rally was a false breakout. On the other hand, holding above, and retesting the breakout point can suggest a possible next powerful move higher. Tomorrow will confirm for us whether today was a euphoric move or the real thing.