SPY Entering Bearish Resistance Zone

 It will be interesting to see how the market reacts to the levels we're at.  So far, the resistance is holding.  Anytime the market repeatedly tests the same resistance point, it's like fuel for the fire that is building and all we need is a spark. 

Lately it has paid to be skeptical of such moves and fade them or to sit it out all together.  I'm personally waiting it out as far as equities are concerned.  There's a lot more interesting action going on in Bonds and Currencies right now..such as bonds are calling for stocks to sell off from the resistance but currencies are favoring a break out.  Who will win?  More importantly, how will you be able to tell when someone wins and then capitalize on it?  These are the questions you should be asking and incorporating into your current game plan.

TLT