Here are some things i am watching in stocks right now.   The NDX chart shows the bull flag Fully posted the other day.  If we break out of that, I would expect SPX to follow with a breakout its resistance trend line as well.  If SPX breaks below 4325, I will be going short.  My thinking though is that the relative strength today in SPX compared to NDX means that SPX could rally to close the gap (target of 4400) while NDX fails to breakout of it’s downtrend.

I am not going long anytime soon, these are my targets for going short.