look at the nips,when the market is turning slowly as opposed to a violent reversal they will begin to make lower nips in a rounding top, so far they are not..they are close enough to call it sideways this is spy top 100 stocks
but if you look at es, top 500 stocks, we made a lower nip, again close enough for sideways and the higher vs lower nip negate each other ,minute difference,too small to call a divergence both charts were using rth
the weekly spx chart reduced to a daily has a tl at 73 which is also a ledge and a nip above at 83-87
uk and germany have some big numbers coming out tonite(i think) http://www.forexfactory.com/calenda...yweek&month=12&year=2011#details_closed=36211
Whatever the #, GS is short, so goes the mkt. http://www.zerohedge.com/news/goldm...ed-out-outcome-fall-short-market-expectations