Bull trap ?

The bulls have been persistent beyond any prediction.

$NDX moved above the recent high; $SPX stopped right at the high; $DOW and $RUT lag.

I guess everyone is waiting for this week's data points to come in, starting tomorrow.

Unless proven otherwise, our model points to the downside.

When the down side scenario evaporates, we will then have to call this leg an extension (not yet).

Till tomorrow.