Over the last two weeks all but two candles have been dojis and stars (hammers are part of the star family of candlesticks). If dojis represent indecision, and stars with no overlapping bodies, foreshadow reversals, we should expect some sort of pullback soon. At the very least I expect we will retest the breakout point this week.
Economic calendar for tomorrow: Personal income/spending and Core PCE inflation at 8:30; Chicago PMI at 9:45; and Construction spending at 10:00.
The $SOX below looks poised for a retest of the breakout point.
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