The S&P 500 is down 3 points to 1948 after hitting a record 1956 yesterday.
The index has fallen to a session low in negative territory in the first hour in 5 of the past 8 sessions, only to close higher in all of them.
The bear case is that the daily RSI hit 73.7 yesterday, which was the highest since January 2013.
S&P 500 daily