The current charts for the mini Dow and S&P remind me of what Tom Loge' always used to say "what's most likely?" In other words, all things being equal (ie. take your bias out of the equation), what "should" the market do next?

Once I dust off the ole crystal ball I can see a ton-o-resistance on the recent highs and here we are testing that area again. Therefore I think the most likely scenario is that we'll see a move lower to start this week. Don't get too aggressive though, there's support not too far away. In fact if you called the last few weeks a trading channel/range, I wouldn't argue with you.

Of course once the market gets back to support, it's time to ask the question again, and as before, we're "likely" get another bounce.

Just thinkin' out loud,
Erich