I would not touch anything short until 1512 at a minimum. It looks like we should complete the 5 waves up of the 5th tomorrow or Wednesday. Plus, that will give the RSI a chance to work off the AV it has. <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14!ld20][J31215521,Y]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,...</A> The bullish implications of this triangle break are much much higher, but we need to see how the pullback is handled first.