This market is bouncing off a simple uptrendline and price support. Price became very oversold after just a mild pullback. (see lower technicals) And pullbacks to the breakout point are very typical in an uptrend. Nothing new or exciting here that isn't seen all the time. Until price breaks below the uptrendline AND breaks down below the breakout point the trend is up. It's about that simple. Looking at this chart it is hard to believe how bearish all the financial gurus really are and have been since Christmas. The post I made on the option info showed just how bearish traders were that bet heavily on the short side loading up on put options. Those look like they will be expiring just like they have over the last few months. I guess when they finally become convinced to get long that will be the time to buy the puts. Bottom line:Watch that uptrendline and price support to breakdown to get short. Otherwise enjoy rowing upstream.