Unconfirmed highs in the S&P 500 are just another reason to sell.
Now that the index has reached the April 4 target, we'll see if it can take out the April 3 level.
It's not a new low, but it may portend a drop in the S&P.
And the other indices are stalling, too.
Now is not the time to buy, but it’s an increasingly attractive time to sell.
Gaps are being filled and the broader market is outperforming.
The S&P stalled at this key level -- so a true breach here would be a positive sign for the market.
Some bullish non-confirmations may be signaling a low.
Time to buy again as the market collapses to the July 13 gaps.
Trying to reduce risk through an index arbitrage.