Over the last three trading days, the S&P 500 couldn’t surpass the 2740 resistance we mentionned several times. Although our risk model is not so much deteriorated, there is a good chance that a correction/consolidation may have started, correcting the strong advance of the month of January. The weekly sentiment indicators are the components of the model that suffered the much, expressing, in our opinion, too much optimism from various category of investors and this excess has to be corrected by a kind of correction of stock prices over the next few trading sessions.