Valuation and fundamentals

Thomson Reuters reporting 17.10 making potential support near 17x 2167 and 17x resistance at 2230. We may see 18-20x forward earnings for a bull market high, but not higher than that. 

Citigroup Economic Surprise Index as posted by Yardeni back down to the zero line. Although I understand the market rallied on Friday with postponement of rate hike I do not view this as positive development, and adds to my "upside limited" base case from here.