S&P500: Momentum trumping any Technical Signals?

S&P500 Daily Chart @ Close 07/03/2014

No stopping the momentum of the Benchmark S&P500?
Central Bank assurances about 'lower for longer' interest rate settings keeps the Longs 'snug'; the Bears 'patient' & the Neutrals 'frustrated'.
Until a Clear Reversal basis: Weekly Chart is witnessed; the sidelines remains the safest place to be as Summer unfolds & liquidity thins.