Bulls Got What They Want

A low volume consolidation day where the markets remained basically flat over yesterday, despite being lower for much of the middle of the day.  The buyers taking a break means the market is flat, not down.  Flat is the new down in this market.  Those looking for a top have to be patient here. It is coming, but it will have to be on a day that has more volume, days like today usually don't form tops.  The next area of resistance is the 2009 highs, around 1099 on the ES.  That should be the line in the sand in the coming days.