We would need to see a decent pullback here <3075 on US500...

We would need to see a decent pullback here <3075 on US500 otherwise this could be coiling up and heading much higher.

All the good news from Monday wasn't enough to make a dent to the market, however the bears have lost momentum as well and every dip is bought into.

There is a lot of cash on the sidelines waiting for direction, the markets will move with force very soon but at this point its a 50/50.
I am hopeful for a small correction to 2800 level however this should have already happened by now according to last weeks price action.