In the current W5 blow-off channel we are in, I think we still need to cross the current channel, to put in a minor 4 and set the stage for the last leg up. For all of its excitement today ... the shape of things looked corrective, especially with the (b-wave) triangle pattern that ate up the bulk of the session.
Tuesdays have been green for so long because Monday has been good for a surprise and a red daily candle now and then. So BTFD kicks in the very next day. I'd like to see something similar happen next week, starting with a stern drop on Monday to SPX 1646. This would be the last bear trap in this cycle, before we top and the bear traps are actually short-covering rallies off fresh spike lows.