Futures are under pressure this morning, and it looks as if yesterday afternoon's low of 1456.49 in the S&P cash will get tested. The picture will get a little cloudy if it breaks.
The point is that the wave patterns are losing their impulsive feel the higher they go. This increases my feeling that something unexpected may be in the works. I was looking for the short side yesterday, and will today as well. Will also look for longs too unless the decline takes on an impulsive feel. The 1448-1450 area will be of interest and 1440.
The market just feels weird to me suddenly. I don't know why. Thus my conviction remains low until better set ups occur.
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