$SPX tactical issues near-term:

1. Gold steady above 1,700
2. Crude possibly top-ping
3. Demark sell signal
4. SPX stocks above 50-DMA 99%ile 
5. Macro tensions rise
6. Month-end rebal
7. Rising NDX short interest
8. Defensive rotation (XLP higher lows)
10 MOC sell 2.7bn Thurs