One thing I am watching for is a sudden drop off resistance ala Jan 27 when the day before we looked very primed to move up. So a solid gap down tomorrow shouldn't be viewed as a surprise as many longs will be loaded up ready for a potential breakout only to be disappointed. But if we do have a solid close above the upper trendlines, odds increase dramatically that we will see another solid leg up.
In SPY + other indexes, we are right at resistance, making it an inflection point where we could easily go up or down. If we were to hit the bottom trendline, I would be fairly aggressive going long. If we clear the upper trendline, we could see another solid move up. The current location isn't a great spot to be picking up new longs.
$NYA also closed right at long time resistance. It has been rejected several times and we could see it rejected again.
QQQ looks extremely promising. I probably like how this is set up the best out of the indexes.
DIA is a bit choppier looking but promising nonetheless.
The 60 min frame is a bit unsettled. After issuing a solid sell signal, it issued a weak buy signal. SPY could easily drop back into the lower part of the consolidation zone. We should know by tomorrow whether we will consolidate another week or breakout soon.