Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal. The MKT should maitain a trade above the 2883 Inflection Pivot and "run" to a new level if the signal is valid.

On the SELL side REVERSAL strategies can be executed at the 2971 and 3076 resistance levels following an exhaustive signal. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline following a reversal signal and it is more likely just a pause before another round of buying, so lock in any unrealized gains. SELL FADE strategies against 2953 and 2971 have potential but wait for repeated tests, with the best opportunity not violating the resistance level. Consider rolling long on any stops with this strategy. SELL BREAKOUT strategies below 2883 are not recommended but can be used as a signal for a FADE against Directional resistance.
On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the 2883 Inflection Pivot. BREAKOUT strategies above 2953 early in the session may have issues holding structure, so respect any break in momentum. BUY FADE strategies off 2883 are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.
Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert and recognize this. If you have > 3 loser long trades, consider taking the next sell signal, anticipating a corrective turn. Remember in this technical position if the MKT is going higher, it should just go. If not, there is the potential for a corrective break or digestive trading environment.

On the SELL side avoid FADE strategies until after the 5.134 level has been broken to confirm a shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 5.440 resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that the transition trade is over and a negative shift back into a NEUTRAL DIGESTION is expected. SELL BREAKOUT strategies under 5.134 can be profitable but they are aggressive and should use the same aggressive position management as a REVERSAL. Risk less go for more.

