We are close to VWAP, it will be touched for sure.
Only if we turn down immediately wave will get his 1062.
My analyse tells me that in similar situations will stop us just upper boolinger band and even this we will be "lifting up". There can be some tight range days (=correction to lower overbought settings) or reverse days but I believe that 1120 is very probably and quite probably just around this year high will be point of decision.
On contrary I do not doubt that gap that we are making today will be closed just it will need some time. If the gap will be "closed showing strenght" like yesterday I will be extremely carefull with shorting.
Most probable scenario for next time are tighter but generally positive days. If we will have big gap bellow us "THEY" will not hesitate gap up out of RTH stealing the movements from daytraders.
I will continue scalping from long side for now. I believe that there will be some stop run in form of surprising down day (that will lower overbought conditions as well) but generally I expect for we say next 1-2 weeks swing up.
