Indicator Update (SPX) (Update)

Normally if we are about to see a market correction we get the following pattern. First the commodities rollover bringing the [artificial] bid over to the Fins/Consumers. Once those give way the Nasdaq is always the last man standing. Once the Naz rolls then we see follow-through on the downside in the market (you want to pay attention to fins and the naz). If the cycle aborts (ie: the Naz doesn't roll) what we usually get is a bounce in commodities, starting the cycle over again. At this point we haven't even seen the Fins start to weaken, which hint (but one day a trend does not make) at more upside shenanigans in the market. Things are looking shaky here, massively overbought and falling momentum. It would take a bit of good news to squeeze this higher before correcting at least negative 0.0001 S&P points before the algos smell "fear"

[Note the last time it went up here it took 14 days before the market went down]