Markets never go straight up. That would be way too easy. Markets always stop to rest before making higher highs. For a rally to be sustained we need to make higher lows then get back to some buying.  Here is where your watchlist should be implemented on the next upswing in the market. We really don't know if the market will make new highs but we can know how we are going to approach the market. We still see the market as bullish and will continue to buy calls and buy futures contracts as setups allow.