I have been a huge skeptic of the rise in the US stock market since the March lows. I get don't fight the Fed. I get the effect liquidity has on financial assets. I understand that low interets rates make equities more attractive. But as I sit here the Sp500 (futures) is at 3383 just 14 points below its all time high and I'm not buying it. I think we have a lot of retail interest from younger people who have seen dip buying work their whole lives. There is little consideration of fundamentals and I am betting that smart money jumps in here. I say this will not go beyond 3450. There probably needs to be a spike up to start the correction down but I believe we are going to see a move lower. that will last for many months. That is my call.