I hope we're done with this move already.

I think this move up and sideways is DONE!  What a boring week.  Market stopped right at the top of its channel/trading range SnP 1131 area.  Volume was ridiculously low.. AGAIN.  Unless the bulls can create some enthusiasm from the public, this little run up is over.  OPEX week was a non event.  SnP closed up today 93 cents, yesterday is closed down 41 cents.  Is that excitement or what?

The SPY is at the top of its acceleration bands and stalling, its RSI bumped up against a trendline from last May, that it generally drops from.   My IFT scans of the entire stock market show the shift to more sell signals than buy signals.  VXX has stabilized and the TRIX on it has turned mkt bearish.   However, the silver/gold ratio is indicating rally.. hmm troublesome.  The relative strength of Russell 2k vs. SnP is still bearish but iffy, its either done with this move, or poised to break up.

At any rate.. I certainly hope the rest of this month is more trending than the last two weeks.  In fact this range has been going on since mid-May with only slight downside bias... and we are at the top of that range right now.