Max Pain

Max pain hasn't been too reliable the last couple of months, but today the SPY peaked at 134 on the Wednesday before OPEX and SPY max pain is at 130. That's a 3% disconnect.

Assuming that part of the disconnect gets filled by Friday (which I think is very likely), and the fact that earnings season is nearly done, I think we will finally get our overdue correction.

Again, I don't think this will be 'the top', just a correction within the continuation of this cyclical bull. See Secular Bear Market Projection in Historical Context.