More clues as the waves unfold. An intraday ascending triangle appears to be forming. The upper target is north of 1020.
An ascending triangle means that the move up is "corrective" and would likely be a Minute [b] wave of an expanded flat. After peaking in the mid1020's, maybe 1032 on a squirt, it should collapse back down in a very bearish Minute [c] wave and perhaps the market loses 50 points in one huge move as it has done from time to time on the Primary wave 2 rally.
Anyways that's the way I see it at this moment.
Perhaps the last move up will be "final" as I showed the DOW chart last night. That's an alternate possibility is that P2 will peak. But the ending expanding diagonal is a rare pattern if even valid. So we'll keep that on the backburner for now in calling P2 over.
But the market seems destined to break to a new high in all 3 indexes tomorrow and/or Monday. But it should be a [b] wave.
The other alternate is that it will be a Minute [iii] of Minor C up, and it will have to run its course to a C wave peak.
So either way, the market will resolve itself sooner rather than too much later.