Update 2

As I said last night, we'll have to wait and see what 3C does, it is still early, but the move higher is not being confirmed by 3C, it's a negative divergence now on a 5 minute chart which is more significant. I'm not going to make any assumptions yet, but the negative divergence and falling volume does not seem to be inspired buying, it seems like something else, but I'm not ready to make any assumptions just yet.

SPRD which triggered this a.m. as a limit trade is doing pretty well. It could pullback from here quite a bit and still be in decent shape. I don't see any distribution, just 3C in line with price action confirming the trend. There in an intraday pullback forming a triangle  which should break out, hopefully to the upside, within about the next hour. Because it is an easily seen pattern on the chart, there's a decent probability that it will break down a bit below the support of the triangle before it breaks out to the upside.

Stay tuned....