Forgot this chart

This looks like the strongest force in the market, the Euro (SPY green / Euro red). Note the Euro turned down about 30 mins before the market hit resistance and intraday highs. The rest of the day the market has moved almost in sync with the Euro, yet it is higher than the Euro correlation.

I'm not going to read too much in to this, but a failure of resistance should have sent the market dropping hard if the shorts were in total control, instead it's been a steady decline in sync with the Euro.