nothing new from what we said earlier - we had the sell cycle show up on the 120 min about 45 min ago and with the MA ribbons very stretched mid day market was at minimum due for some reversion to mean pullback action.  And the 15 in cycle showed up earlier and price has basically respected that a well. 

On the daily no changes, what the 'bulls' will eventually want is for the BPT MA to go back above the ribbons, right now it's pinching from the underside, in fact that 120 min cycle resistance is actually a trade short signal I look for when the MA's pinch from the underside, one of my trade setups. Just like when the BPT MA is above the ribbons and pinching into them I look for a long trigger via a cycle buy on the 120 min or 1/2 day.  Also 60 stochastic on the daily is below 50% and coming up to test the underside.