The SPY

As noted last night, the triangle in the SPY with the start of a breakout drew in pretty heavy volume on the SPY in afterhours last night, really there seems to be no catalyst for the move down, this mornings report just basically took the fear of deflation off the table, it wasn't high enough to cause inflation concerns, so it certainly wasn't behind this move, so I leave the reasoning up to you.

The white arrow is our new resistance area. You can see the volume pickup as the bullish triangle is broken-again something we see multiple times a day, conventional technical analysis fail the user.