Neutral

I am somewhat bearish for the next 3 days, and if during those next 3 days we don't break 1260, then I will expect higher prices for the next 2 weeks, up to at least 1320.  There has been a flood of good news in the market over the last 3 trading days with monster gap ups, so the market is a bit overbought.  But I am ruling out a run back down to the lows of last week because we've just traded too strong, around the levels before the Japan earthquake.  For today, I see no edge intraday.