So if the stories are true about "being overbought" "being too high" "not sustainable" etc then we are looking for a structure break. Here is the H4 chart with the previous Highs marked. My way of analysis is to look at previous highs ONLY for uptrends and previous lows for down trends. This is the area we need to watch right now as we may be heading into a structure break. This comes at a time with a lot of federal uncertainty as well as the EURO stock exchange beating US stocks for once. This also is a relatively high area for the S&Ps... For now I am holding off on trading this pair, but setting some serious alerts on my charts for the confirmations on the potential structure change. I can only imagine/dream of all those short pips I am hoping to snag... delicious.