Traders are getting unrealistic in their expectations.
The five-day and 10-day Arms Index readings are pointing to a drop.
The advance is slowing, though we have not yet seen a sign of weakness.
There are no levels we can look at as likely stalling points.
Such a narrow trading range very often is a sign of the end of a move.
A move below 1575 on the S&P 500 would be a signal to go short.
We're once again bumping against recent and long-term highs.
Traders should take profits on recent longs.
Look for further strength but no new highs.
The selling looks overdone, but the uptrend looks broken.