The S&P 500 continued to build a base this morning.
It is very likely that the market will continue
a sideways trend. Ever since the SPY bounced of
the 200 day avg., it has found new legs up until
this point. The last obstacle in its way now
is the 50 day avg. As long as the SPY remains
below this pivotal avg, it will be tougher for good
things to happen to the market.