With the proviso that I'm an intraday trader (so trying to foresee intermediate/long term turning points for S&P or Dow is not what I'm focused on), my call is that S&P will continue to trend upwards until SMA(50) crosses up through SMA(200) (which I'm estimating is still about 3 weeks' away), and will then turn down ...
When SMA(50) crosses up through SMA(200), the laggards will all go long at that point... and then the market will be taken down ...