Just some observations on the weekly chart.
Since the Jan thrust bar up (that made new 200+ day highs), the following is true for each of the next 4 bars:
1) Each Bar is Green, with a Higher High and Higher Close
2) The range of each bar is less than the prior bar
3) The final Feb 1 bar is a NR7 (most narrow range of the past 7 bars)
So, nothing like oozing up into new high territory. Can't find any other instances. Checking charts on other indexes with weakened conditions, you might say it could be bullish if we were just coming out of an ending bear market. But we are making 200 day highs.
I guess if next week is an upside breakout bar, you should buy since the NR7 would have a bullish resolution! Oh yeah, that would be an easy thing do...