The 2 hr up trends are in tact and a a gap cover could happen today or within the next few days. Some indexes may not be able to close their gaps before the markets tops out and the trend changes to down. Lots of news today in Europe and the U.S. so a sudden rally or drop is in the cards.
More important is the gaps that all indexes got at the bottom when the uptrend started. That means that when the top of this uptrend is in, there could be quick falls down to these gaps. Here they are: DOW 11.240.6, SP500 1.159.40, DAX 5.456, FTSE 5.183.25, SWED 891.4, MIB 13.961, IBEX 7.761 and CAC 2.866.
I will follow trading in SP500 from now until US close and Asia opening and post messages as soon as I see something of importance.