ajtj99's Market Pulse

[Justa Werkenstiff]

Market: Yesterday, I had a high of 127.58 on the SPYs and we got within 9 cents of it at 127.49.

For today, I am turning from short term bullish to short term neutral. Upside should be limited to less than 1/2% and a retest of the highs could do it as well. There is a good chance of a short term reversal in the market. I note Jim Q has a change of direction /high scheduled for today and as I look at market technicals, they seem to support such a possibility. Probabilities favor no more than a loss of 1% on the SPX. I realize that is not much to go on but so be it.