Overhead Resistance

The market is starting to get into overhead resistance territory. It's going to take a lack of bad news or possibly even some good news to get over this first hump.

That said, the long-term trend continues to point down and while there is a good deal of short-term bullishness in the market and in the blogosphere, unless you are an extremely short-term trader, you might be better off looking for opportunities to get short rather than going long....especially when the market is now up 14% from its recent lows - statistically not the time to buy.

Here's an example of a rip to sell. It is even begging you with the low risk setup. Stop above 9.
NVDA