We’ve had alternating up & down days for each of the last five sessions and based on the futures that will be extended to six sessions today. I guess the bulls should be happy that the market is moving higher. While I’m trying not to focus on technicals during this earnings season I can’t help but be concerned about this bounce because of the poor volume action and the multiple levels of resistance that are just above. I won’t be surprised to see some good looking short setups pop up over the next couple of days.
