U.S. equity markets finished higher after bullish earnings reports from Intel and J.P. Morgan fueled investor confidence about a global economic recovery. The Dow Jones Industrials crossed 10,000 in the process for the first time since October 7, 2008.

Skeptics are still wondering if the current run in equity markets is a case of “too much, “too soon” although they don’t seem to have a way to stop the rally. Up until this point this rally has been professionally and institutionally driven, some traders feel the push over 10,000 will finally encourage fresh money on the sidelines to enter the marketplace.

Start watching for spikes to the upside to indicate that the public is chasing the market. This could be the best indication of a top. Until then, enjoy the ride. The best signal will be a closing price reversal top on the weekly chart.