After 4 sessions of new highs, the market has lost a bit of steam. The indicators were knocked into sell by a quick swing low at 1312 price level. 
All news has been fuel for the market, but ironically $75 crude oil may not prove to be very combustible. These are the best of times for trading. The more confusion the better. 1311.75 on the S&P 500 futures market represents the next price area we will look to short at. As always, we won't enter the S&P 500 blindly, but with a setup. What makes our method work well is the combination of technical trading with price levels that have  psycholgical significance to market participants. The lines drawn in on today's chart represent price focal points in the market that have psychological significance should that be reached. Lastly, while short term indicators are in sell, this is still a bull market so set you stop accordingly if a trade does develop.