We get this above 345 and it's ON 

Well, this could be a bit of a problem... I plan to close 50% of my long just below that, to lock some profits, and others may think the same...
To be honest I don't think it'll happen...right now. Seems we need to retest 300 or upper 2xx again before the next big move up. Either way, it will happen by the end of the year.
edit: probably the end of the month
The move up looks suspicious to me. I think it could crash back down again, but if it can stay above 330 for another day then it might be bullish. It's already wavering above and below 330 so traders aren't sure what it's going to do yet. I'm going to observe it and not make any panic decisions.