This past week was very constructive for the market, as it is consolidating and preparing for the next big move. Short term it looks bullish, but we do have some overhead resistance that will need to be taken out. So, although most of the data points to up, until a break occurs caution is warranted.
I am mostly sitting and waiting for a break to occur. Have both long and short positions (more long than short), and will wait for resolution to decide on my next positions.
But … all in all, I am seeing bullish activity as we base here.