I guess a sugar high only lasts so long

And what in fact does that say about the market that the only way to prop / ramp it up is short term news when Italian/French/Spanish yields are hitting new highs almost daily.

There will be more discussion on the topic.

For now, I haven't seen the news to send the market lower, so to me it looks like a function of the dumping represented by the leading negative divergences in the last post.

 Unexpected to this degree, the SPY filled the gap, showed us resistance to moving any further north then that and then took out 2 intraday support levels, the second being the top of the a.m. triangle , on massive volume. I expected at least some support at the lower trendline, maybe we'll see some fudging around the area?

 For all intents and purposes, the DIA/DOW did the same thing