2nd and 3rd erse same as the first

We had a good number on exports this morning, a pretty decent beat, but once again, the market has failed to push higher off the opening gap up, something we've seen 3 of the last 4 days.

Here's what this morning looked like on the open.

 DIA 1

 QQQQ 1

SPY 1

All the chart overhead, saw selling into the gap up, 3C shows it, price action shows it.

Below, every red arrow represents the market capitalizing on a gap up within anything other then a down trend/pullback that was able to capitalize and close strongly.

It's pretty clear there's resistance around the $124 area, that supply either gets soaked up, or it overwhelms demand.