Agree it's a countertrend rally, a strong 4th wave with a 5th still to come. Volume does not confirm a breakout. We got an ABC correction, nearly over with a perfect 0.62 Fib retrace up to 250 from 233 (260-233 = 17 = .62; 2332 + 17 = 250). This chart is probly an accurate projection of the 5th wave, target 219 - 226. The big breakout will come in Feb after this wave completes. Also making an H&S with left shoulder + head on 12/28.
GLTA!
Just saying, your trendline resistance is not straight. Its a breakout and price trading above your 10 ma. That's pretty bullish. Watching for a retracement around 242 but the direction is up for 10 days at least in my opinion. Let's see what happens next week. I personally think we will retest 260 level where 50 ma is at before going down. Good luck friend.
GLTA!