The pullback probably will be bought if not already. Whether the "bought" makes new high or lower high is what we need watch. Normally I won't think about lower high but the pullback simply is too large for an uptrend day $SPY $SPX $ES_F https://bbs.cobrasmarketview.com/viewtopic.php?p=328960#p328960
So this is possible lower high I talked (red arrow), decisively breaks blue line would confirm it. Generally though, it'd be a classical breakdown then reversal up. Let's see whether this time is different. I have no preference here $SPY $SPX $ES_F https://bbs.cobrasmarketview.com/viewtopic.php?p=328961#p328961
Well, it was as usual a classical breakdown then reversal up. Now, maybe the real lower high is here (black arrow instead of red arrow)? Not sure as close is near so I give it 51% chances $SPY $SPX $ES_F https://bbs.cobrasmarketview.com/viewtopic.php?p=328964#p328964