The underlying trend line held today, and as technicals continue to line up for further upside off of this morning gap down. But the overall pattern and feeling forcasts the negative action in the markets. Again if the 60 minute fails and crosses back over to the downside I will respect the down channel that could be forming.  

You here me talk about the proverbial carrot that dangles in front of the market. Well a move above 1380 will make that theory very credible. As Spain appears to be the next headline event We still hold this slight bias to the upside. Makes me wonder if we do break down will there be an event that pushes us over the edge. Maybe it will be $AAPL earnings tomorrow. Either way tomorrow is a key day. Don't want to miss it.

The Bottom Stock is PLCE one of the stocks on the HPS watch List this weekend.