US small caps are making new all-time highs, which means the market expects Trump to follow through on protectionist policies (which should help small companies at the expense of large companies). Despite the negative consequences of protectionism, outperformace by the small caps is positive for the overall market.

Monthly MACD on SPX is on the verge of a buy signal - the sell signal came more than a year and a half ago. If Nov closes higher than it is now, the buy signal will come - which probably means another leg up in the bull market that started in 2009.

Too early to tell, but gold stocks appear to be in capitulation mode and may bottom today (have to wait for the close to be sure).