I try very hard not to be a “the sky is falling” kinda investor that is constantly calling for a TOP! in the markets, but the behavior of late has been peculiar. We are fighting “round number” fatigue of 20,000 DOW and 2300 S&P500 and so far the market is pushing but not making much headway higher over the past few weeks as they have been fighting that battle. Watching the futures carefully, there has been some serious selling at the 2294 (2300 cash equivalent) level. Just an observation.
Any material push downward should be viewed as a potential indication that the top is being put in here.