Bearish

The market failed at the 50 day again. We held the support that I had at 109000 so I will not be over anxious on being short near that area. Volume was high on the break. When they rallied volume was weak. Stick with the shorts but be careful of being short near yesterdays low. Today might be an inside day. If we take out yesterdays low we should trade down to 108225. Resistance is 110500 and support is 108225.