It's hard to knock today's big rise. Everything looks rosy. The problem is - it's probably too good.
Volume today was the highest in over six weeks. That includes two option expiry days - usually the highest volume day in the month.
Looking at those Up/Down Arrows on the above chart - you can see what a zone of contention the current area has become. That's a sure sign of a top - distribution from strong hands to weak hands. It's not the smarties buying at this elevated level. The risk/reward ratio is just not on the side of the bulls.
Today's big volume is probably a sign of strong hands selling into weak hands.
I expect tomorrow to be down.
Of course - all this is just speculation - I could easily be wrong.
Good luck
Red
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