Market Review: Flat Market

After the last week off bad news and a declining market it seems to have have found a place to rest.  The acceleration of the sell-off has been halted by support at $140 on the SPY and even seems that we should see a rally in the next few days.

That being said this rally should be short lived if resistance at $145 holds.  The aggressive breaks in several support areas shows that buyers are very weary about even buying on the bounce because they will be just buying into a chainsaw of sellers.

Expect the rally but the play here is at resistance.