Don’t. Look. Down.

Extended rally hasn”t yet corrected.

And by corrected, I mean that no pullback limit has been probed deeper than its first 3 minutes. With the exception of an errant tick, every dip has resolved in higher highs before upside momentum could lapse. 

Bias-up did trigger, late, after still overlapping the 2077.50 bias-up signal within 3 minutes of 1:20. Now 2077.50 is being tested as support. It seems like a critical test.

The 2049.50 buy signal”s 10th pullback limit is being tested now, having probed under 2078.50 for 3 minutes. It seems like a critical test, too.

Do you want to step in front of that? Just don”t tolerate much recovery if short.

Having tested and recovered from 9 previous pullback limits, is the 10th test likelier to finally reverse down, or is it even likelier than ever to recover again? The latter, of course — limit tests are not a coin flip that should average out over time.

Having said that, the likelier scenario is simply to avoid trending back down, if not also to extend higher through the final hour.