Turning focus to the daily and weekly SPX, I see no reason from either set of charts, in both the fast and slow moment set-ups that price cannot resume upward from here, though the weekly SPX will eventually hit resistance in a few weeks as the indicator lines move up to the DTLs.
First the daily with the faster setting. I mentioned that it appears a pause in price was in order as the indicator DTL would likely cause resistance, as well as the price DTL, and that was the case.
The slower indicator also hit a DTL:
The weekly charts show room to the upside before resistance on the indicators is realized. The faster momentum setting is through zero, so the next resistance would be the DTL:
The chart of the slower moment indicator shows resistance above also at the DTL, so a pause in upward price movement would be expected there. I feel it's interesting to note that the topping process of momentum vs. price in the prior bull market top (3/2000) took about 4 1/2 years to complete and the moment high versus the price high was another 900 SPX points higher. If that pattern plays out here, we could see the SPX reach 2,750 by sometime in mid-2018, unless another momentum high is reached in the interim... just something to consider.