Yesterday was a great day for the markets and anyone who dared go bullish. The day ended on a high note and ironically right at target resistance level. All the indicators for momentum and trend show clear bearish divergence even at these high prices. So for now the support/resistance levels on the intra-day chart remain the same and are updated below for you all.

I would watch for a slightly higher open and then a close lower on some good volume selling. As I talked with another coaching member last night – the VIX now below 20 for the second time has got me at least a little worried that the bullish move will be over soon and with a swift move lower.