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Twitter feed says that besides having the market break at today's low the VIX got hammered at the same time. Suppose Kudlow is on deck for the next pullback.
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Chaikin intraday volatility (1min/5min) on SPY is near the low of the day. It would have to rise significantly before a breakout of the tight rectangle can happen.
Dangerous to trade so far. The symmetry says you could get chopped to bits. Guess we let it consolidate gain energy for a move. Traditionally there is a move after the European time zone folks go home. Then we can go to new highs because nothing says positive economy like car sales falling off a cliff.