What Is The Market Telling Us?

Time may be upon us to be patient at these current levels before entering any new longs. Presently indicators are showing some exhaustion and need to reset before its next leg higher. I am of the position that we could still be looking at breaking higher first before going into major sell mode within the next few days.

spx 10-24-13 divergence

Sentiment is setting up for more evidence to be cautious at these levels. Waiting for a better opportunity to get long once again, but for now the odds are not there for longs.

sentiment

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