So far, SPX/QQQ look more like corrective pullback

The drop from yesterday's high  has been very much an overlapping back and forth. These are encouraging signs that SPX could finish the pullback around 6700 +/- region.

CPI data is tomorrow and Japan rate hike is on Friday. If market can maintain this overlapping posture, we have a good chance to see Santa rally afterwards

But do pay attention to any sudden drop as that would be a bad sign.

Net net, grinding down to 6700 +/- region is nothing to worry about, but any sudden drop need to be put on high alert