I do think those 15-min charts above help support the case for a pullback or at least some consolidation here at the very least. Bigger picture (daily chart), I’ve already shared my thoughts earlier today but intermediate-term, if you look at the price action for the last few months on the 60-minute charts of SPY & QQQ, they show a big grind-fest within a multi-month sideways trading range. The fact that we are up near the top of those ranges should be noted & respected as solid breakouts above (unless they fail) should be longer-term bullish & solid breaks below, bearish.
Until & unless that happens, or at least for now, I’m in hit & run mode with active trading, looking to capture rips & dips of 2-5% or so off support & resistance levels when the charts confirm a bounce or pullback is likely. If & when the market becomes conducive to swing trading (holding positions for weeks or months), I’ll take off my active trader’s hat & don my swing trader’s cap.