Several indexes are rallying off key support levels after a modest 2 day downturn. The selloff in commodities, most obviously oil, is going to swamp whatever technical indicators have been pointing to a stock pullback. The Fed has already stopped raising rates and the drop in oil is further lessening the likelihood of rate hikes and makes rate cuts more likely. Hundreds of professional money managers have been saying "we're looking for a pullback and some consolidation here." As those managers begin to chase the rally they will provide a great deal of support. Retail investors will begin to succumb to the hype about a new high on the Dow and they will add money. Barring some disaster scenario like Iran bombing Israel, we should get even more highs from here.