Subdividing Higher

Last week, I offered these comments:

We'll need a pullback first before I consider more longs. But I will be looking. Unless the markets roll over enormously from here, 1340-1350 could be the next zone to watch. I also came across a very interesting Bearish Gartley analysis that put the target at 1329.

I stuck to the plan. Friday's pullback with price staying above 1307 (and well above 1303, my hard stop) allowed me to take a shot on new highs with UPRO. I scaled out of most of it by end-of-day, but held a flyer. Right now I'm trying to be patient for 1329 or 1340-1350. The S&P looks like it's subdividing as it heads higher. I will try to ride it until it gives me an impulse down or starts gasping for air on low ticks.