There has been much talk on the charting blogs about "the triangle", which recently broke to the upside. Despite that upside break there is still substantial resistance on the charts. Here are two that I noticed today.
When you add the momo indicators of RSI, CCI and even stochastics you can clearly see a short term market top. The cheerleading media notwithstanding, eventually this weeks round of real news will have to take effect.
disclosure: I own DIA puts.