Looks like we are at a point where the market continues up uninterrupted or creates that pullback that many are expecting. There are lots of points in equities and commodities that point to such a juncture. I am biased long as I have XOP/ QQQ positions but am willing to accept a lower volume pullback as long as it doesn't accelerate into something bigger.
IBB may be consolidating or readying for a move down. Coin flip here. If it does blast up, QQQ will probably go with it.
SPY looks more bullish. Small range and even smaller relative volume.