The market is puling in a bit here off the highs, and at the first sign of weakness many traders are quick to hit the exits. As I have been noting, I do not believe sentiment is anywhere close to what you see at a true market top. Even during the recent 3% broad market correction, many of my long positions stayed profitable while others set up well, which is exactly what you want to see in a contained bull pullback.
Specifically, updating our 30-minute SPY chart below you can see the breakout from the multi-week consolidation remains intact. The intraday pullback appears to be constructive in forming a bull flag on this timeframe to the rising 20 period moving average.