As of now the SPX short-term signal opening the door for a correction is in play. Another thing I have been watching is the daily RUT stance above 1180. Here is the current status. RUT ended last week strongly, above the September high. It is back below that level and a drop below 1180 that holds would kill this irritating bullish divergence to the bear case (and may threaten some of the bottom/bounce patterns we have been watching around various markets and stocks).
