Todays morning rally is very similar to yesterdays and again bulls have little steam behind them. Looking for one more test of 2740 before I start going big on longs. A break of 2740 will take us to at least 2720.
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Looking for 2700 as final target for today. If vix spikes like crazy and we get a large break below 2700 I will short the price action.
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We are looking more and more like a market top. Maybe all the naysayers are going to start flipping. Right now is good level to set a short. We might just gap down at the open again tomorrow similar to Feb5-Feb6th pattern.
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