Well, charts can become a rorscharch test all too easily. But a setup like this does give you pretty hard-and-fast criteria for determining whether or not it's a trap:
Either support holds, or it doesn't.
Best shorts can hope for, at this point, is a test of 1215, and the possibility of that seems remote at the moment.'
August highs within grasp. After that, an assault on July peak.
What a rip-roaring rally ...