A lot of things can happen and as always in trading, it is not only the point reached that matters but also the path (unless you trade options).
After this short intro, here is my strong assumption:
The red band in the chart attached is likely to retain SP500 overall.
So if 2200 is entranched in your mind and you believe this will happen, I think it is useful to factor this band so we can realise that 2200 is probably for later this year rather than in a few weeks.
Trading: I am still running short and bearing some pain (because of this strong assumption).
In essence: this is not a run away breakout.
