All intraday moving averages are bullishly aligned and moving up.However the oscillators are all overbought. The rising wedge made by today's movement indicates a pullback in line with the overbought state.
Half Hourly Chart
Daily Charts show a good follow up to Monday's bullish candle on better volumes than on Monday. Oscillators are showing strength and moving up once again.Climbing the wall of worry continues
The immdediate breakout target is 5230. Crucial resistances of previous peaks are at 5298 and 5545
Trade long but be hedged.
Happy Trading !!