Quick Market Update

Lots of good signs for a market pullback although we've been pretty much stalled (these still seem to be along the lines of a short term pullback so a stronger base can be built for a stronger short term move up).

We have All of the Index futures negative intraday and growing worse, the market averages which were there, but not as sharp as the Futures are growing much sharper in their negatives, the EUR and $AUD have deeper intraday negatives and the Yen and $USD have stronger intraday positives.

Momentum looks good as it is fading for the market averages, the SPY below $156.80 should trigger a round of selling by intraday traders.