The market is adjusting before the OE of Jan (this Friday) , the first 3 days (Mon to Wed) is very important to monitor the market. We will get a idea where the market would probably stop to drop on Wed. In my opinion, Spy seems to have a range between 184.68 and 177.5 a while. Because the data of economy can not support the market go up to another new high, the 185 of SPY would be difficult to break. Therefore, we should be out our most positions when the market arrives the area. However, the earnings season is coming,so I don't think the market has a big room to drop. The 177 area of SPY will be a strong support line which is a line of the bear or bull of the midterm -trend during 2014 year. If the line is broken, a midterm correction would come that is usually consistent 6-8 weeks.