Just when you think it is going up forever

Here is the anchor chart, showing several days of uptrend including today's .... either pullback or reversal. Interestingly, S&P and Dow both closed higher on the day.




.... It doesn't!!

NQ rises after CPI data. Takes out resistance at 2009, then 2016, then 2028 on the way to 2030.75. Pulls back, but only to 2019.50 - Former resistance has become support! So now everyone is bullish and pushes to a new higher high of 2032.75, and then it just trends lower and breaks 2000. Not good!

Day chart: