This move basically neutralizes the over-extended selling from the 13 momo count. It was merely coincidental that the 13 momo count came so close to a round number.
A higher high after 2 would be huge. As mentioned by LC we could easily hit 720 and that's where ALL the fun is going to be.
Dollar index filled the gap from late February and we have a 13 buy on the 60m DX. INtraday, I look for a bounce in the dollar but >4hr I look for a continued selling.