Exhaustion ?

It is possible we saw an exhaustion today,with the markets spiking higher on news from Egypt.The Dow Jones hit the 12250 square of 9 target and is well outside the rising wedge (see post on Dow sq of 9 levels) We need to see a sharp reversal back into the wedge however.Other factors are the weakness in some commodities like crude oil,Apple reaching 360,Caterpillar reaching 100 (target levels for key market bellwethers) and the reversal in the Euro.The obvious caveat is that the  Fed can keep levitating this thing upwards............