If all things were/are equal, stocks are set up to turn lower now. The problem remains the money-pump, which popped still-higher last week. Can stocks ignore the pump?
Here's a block of charts with a theme. Central bank money printing is the current cornerstone of market drivers I believe.
click chart to enlarge
The S&P 500 continues to "Ride the Dragon" following the Money Pump higher. The pump is the sum of the FED balance sheet and 25% of the ECB balance sheet converted to dollars.