I wouldn't take anything away from today's action except your profits. Low volume, low pace, probably going to deteriorate as the day moves on...
The buying pressure is weak. Now on 3 minute chart, this upside trend might break soon. So how it develops.
I see. Your target is very close to EW's prejection. I usually don't quite use it, but I did some backtesting of EW on ER2, it works in some cases. http://tinypic.com/view/?pic=fktyd5
Yes, very possible. Quite weak. If you look at yesterday's chart, there is a big divergence in the later afternoon. I don't know if that intraday divergence would have any impacts today.