Last Update

Even I'm getting tired of them in my email. The market is up big, it appears that volume will be down, this is bearish, but beyond that, as I've said, this market looks like a deadman walking on the charts. It's pushed up against resistance all day trying to break $110 (SPY) and now it's looking as if it has given up the ghost as it just broke 3 minor resistance levels on increasing volume in 3 consecutive minutes. You have to look at a price move in context, not just the headline advance, but was it healthy, strong, and to my eyes, this looks like a zombie. I can not believe it's still hovering this high. Lets see what kind of close we get.