Yesterday the market gapped down a small amount and almost immediately began to move higher. It rallied all the way until 11.30 and then stalled to go sideways for the rest of the day closing near the high of the day which is now the eighth duty in a row that can be considered bullish. The hourly charts remain in uptrends. The 15 minute chart is being shown to give a little more detail as the market has rallied for eight days and the intraday charts have stalled the high of yesterday which was created from the pop due to the FOMC minutes. This area at “2” becomes a key focal area for the day and anything over that will continue the intraday stage IIs. Due the extension and the resistance here once “1” is broken, the intraday pattern may break and we may see a sideways pattern form for the rest of the day. There is not any actual daily resistance anywhere in sight and support on the daily chart is a long way away down at “3”.