It is still prudent to be cautious as the market closes in on recent resistance, but it does not make sense to sell short as the market continues higher. The critics will say “but it is on low volume” ONLY PRICE PAYS. Volume just give us reason to be ready to move quickly when price action dictates. The market loves to confuse the majority of participants and breaking past resistance might do that. The longer term downtrend remains intact but a move past 3085 could lead to a few more days of strength. Do not try to predict, but instead be prepared for any scenario. The IWM and SPY are above their recent important resistance levels.