Chart showing 10 day ( red lines) and 55 day (black lines)...

Chart showing 10 day ( red lines) and 55 day (black lines) Donchian Channels. Top lines showing highs for the period, bottom lines showing lines for the period and the middle lines showing the average between the high and low price.
The SP is trading in the bullish top half in both timeframes which is bullish short and longer term.
Highs and lows are moving up in classical uptrend steps.
The 10 and 55 day highs are equal together since around mid August which is bullish. Some traders look for this condition to buy pullbacks (swing) from the highs. So it will be on some chart scans.
The high steps up are getting pretty big but whilst i think it around fully bought its not overbought now in my opinion. Volume has dropped off indicating no rush for the exits. Traders are selling to traders plus new entrants and top ups. Sellers are having no problems finding buyers.
No predictions from me but interest is still there and its still bullish both long and short term.
Not sure when the next ann update on chip progress is due.