Sticking to its channel

The market sticked to it's channel perfectly today.  Here is the chart from this morning but updated:

There was a small bear flag that formed and should have finished 996 but the 1000 was to much of support.  It was also the bottom of the channel and it had the support of the 50EMA, which was a few points below.  It was safe to get long here for a quick bounce.  Now your stop is the 20EMA.
Notice how the same pattern keeps appearing the market runs up, dips and runs up.  The breadth is still bullish but has been fading.  Tick has been declining during this run up and advancers have been fading.  This could be consolidation or the market losing steam.  As long as the pattern of a run up, followed by a small consolidation then another run up continues, the dips should be bought.  There is a lot of talk of "waiting for a pullback" but this pullback has not happened.  The pullbacks are shallow and short.  People keep waiting for long deep pullback and the market keeps moving up.  If you expect it, it's not going to happen.