If you want to get a sense of how confused, volatile, and unpredictable the market is, just take one look at a daily chart of ETF symbol EDZ. We can rename this market Gap City. Incredible.
I seriously can't remember a time that a candlestick chart has looked anything like that. Bulls and bears alike are getting lurched all over the place.
The higher we climb, the more comfortable I get leaning bearish. Below I simply offer some major indexes with their "uh-oh" levels cited. By "uh-oh", I don't mean that crossing them negates the prospect of lower prices, but my expectation is that the market will stay beneath these levels until such time as we can tag that 1050 target on the S&P I've mentioned a few thousand times.