Market Update

The averages are pushing into resistance again, but as I said in the last update, I just don't feel like they've consolidated enough to make a push through resistance successfully.

Here are some of the 5 min charts which seem to indicate that this most recent push is likely to fail. The market's don't go straight up or down, so a pullback doesn't mean that the chance for a decent bounce is over, sometime it's just what the market needs.

 DIA 5 min 3C

 IWM 5 min 3C

 QQQ 5 min 3C

SPY 5 min 3C