Tone May Be Shifting

Don't think sorry's easily said
Don't try turning tables instead
You've taken lots of chances before
But I'm not gonna give anymore
--Alan Parsons Project

Tone of the tape continues to feel as if it may be shifting. Slowly. From buying dips to selling rallies.

Technicians will surely be eyeing SPX 1900, which roughly corresponds to both the 200 day moving average and the long term uptrend support.

A decisive break of this level would put Hoofy on the defensive.

position in SPX