The longer it builds cause, stays in this TR, the higher (or lower) it will go. Since it is well along now in the TR, a sign of strength or weakness will be very prophetic.
The general stock market is what concerns me. It has not really gotten much traction considering that the US Dollar Index had been dropping. Commodities, including the precious metals, have been falling in the face of the Dollar falling. Normally you'd expect commodities to drop with a rising Dollar, since they're priced in dollars. But this is real weakness when they fall along with the dollar. What's going to happen when the dollar rallies? Nevertheless my bias is still to think the SPX wants to test the high of Nov 6th....then we'll see.