Who are these people that buy on rallys and sell on dips? Unfortunately they seem to be everywhere.
Update at 1:30 CST:
From a short term technical standpoint the S&P Index is attempting to put in short term base for an end of year rally. The area that traders are trying to defend is the 1990 to 2080 price range. A close over 2080 should help a rally attempt, a close below 1990 will signal a major break is coming. We are not going to trade for the rally.