Bearish

This market has the writing on the wall for another dip. The Euro is getting weaker and weaker. Along with Gold getting stronger and stronger. My charts are telling me that this market is in trouble. We came up to far and too fast. Same old story. I now believe that volatility will get some of the longs out of the market. Anytime the market gets above the 50 day m.a. and then crosses back down below it, that is very bearish. We have tried 4 times to get back above it. Failing each time. Usually this starts the bear market. Selling rallies today. Support is 108225. Below that the market is in bad shape and look for 107350. Resistance is 110350 and 110950.