This powerful move by CRM, though impressive, gives no indication that there is strong sentiment. Volume is barely average. And you know how CRM a=is a traders stock. Anytime they'll pull the plug and release the trap door.
And if you see the QQQs the gains are on very very low average volume. So once the sellers return expect a sharp pullback on the QQQs and CRM.
Me? Buying a boatload more CRM puts. Also if you notice the open interest on the CRM calls is very high compared to the puts. It would be in the best interest for the brokers to have CRM close August some place between 125 and 130. Then all those options contracts will close worthleach. Each pullback will bring even more intense selling. Question is when it will pullback. So far the old CRM gal is pretty strong but we all know it changes on a dime.