Whipsaw time

The market is at a juncture, and it could go either way. Volume is strong in both directions. If we had the bull rule as it has ruled for the last 5-6 weeks, we would have came roaring back today and erased all the losses of yesterday. That did not happen. So, I am not clear on what to expect next. If the market goes down then I expect real support near 800 on SP500 and real resistance near 900. Therefore, you have only 50/850 = plusminus 6%. I will remain on the sidelines.