SPX 10 mins
SPX 10 mins

There is a good battle going on in the S&P 500 today.

The initial Powell pop staleld at yesterday's high and then pulled back to 5595. It rebounded from there in another push at the highs but the bulls couldn't break out.

Now another round of profit taking has hit. That's something of an ominous sign but watch the lows of the day very closely.