With what started out as a very ugly and non-impulsive looking move up from the blue box region morphed into what we can only call a leading diagonal for a wave 1 of this last 5 wave move up, assuming that 1462 Es holds as support at all times.
Any break down below 1462 Es would tell me that this was only an ending diagonal and we are going to begin a correction.
Assuming that we are in a bullish count, it takes us back to tracking the moves. So, the move up now should either target the 1474 Es region on our larger 60-minute chart, which is the 1.00 extension, or extend to the 1479 Es level, which is the 1.236 extension. The pullback should not be below the 1467 Es level from those points, which should then take us up into the mid- to high-1480s quite quickly. Ultimately, we have strong confluence at the larger 1.00 extension, which is the same level as the 2.00 extension for this presumed 5-wave larger move. That is a strong indication for a topping level due to the multiple overlayed Fiboniacci calculations right at that level.
So, as long as 1462 Es holds as support overnight, 1494 Es is going to be my target before a larger pullback ensues.
See chart illustrating wave count on the Emini S&P 500.