And we are still stuck in the same place even after some good news…The market rallied strong off the Cyprus news early and then within minutes began to sell off. The S&P moved up to a high of 1565 and then immediately began to decline to a low of 1546 by midday and then moved up above that all important resistance level of 1550 to close. Short term and long term momentum are now both showing signs that they want to decline. We need a sustained bump up to keep this going. Short term charts show that there is a possibility, but we need to close above 1560ish to make a difference. Right now time is working against the bulls.