silly

All you can say about this market is that it's just plain silly. Are we seriously just going to gap our way back up to '07 levels and beyond? They could have at least gaped it beyond the '09 highs!
At any rate, we're basing around our highs, and the SPY this morning put in a slight bearish momentum divergence, which told me to remain bearish-leaning until proven wrong.The sell-off just barely filled the gap before turning around to close nearly at the open.
Here's the 1-min with TICK (molestor). Some hidden divergence, some bearish divergence, some bullish divergence, gotta love it!