We can see how the previous 'Time at mode' signals that triggered in the past, forecasted the duration and price range of each rally before a pull back started, and the speed line support levels held, giving way to uptrend continuation.
Now, we're in a tight spot, we need to see bulls hold here, and prevent bears from dragging the index down under the red, or as a last stronghold for the bulls, the orange speed line .
If and when we see a new 11 bar level up here, we can assume trend continuation is in order.
For the time being I remain cautiously long and SPX cfds, as well as a few fundamental picks in equities, but I'm open to shorting the failure of momentum that can trigger by the 20th's close.
Good luck and remember to reduce your risk exposure this week, either via options, , or simply changing allocation of funds to more diversified and less correlated instruments, and different trading strategies.
The chart here demands a bit of sideways action before we can confirm further upside, unless it just jumps straight up, in which case, a smaller mode here would signal exhaustion in the rally, which would make me cautious by year end (maybe a signal of rates increasing later on)