The monstrous up day two days ago created a breakout for the short term and confirmation was all that was needed for yesterday. Generally if a market holds the breakout area the second day after the breakout it is considered genuine. This market has been able to do this so therefore, the bulls have the upper hand while the bears are reeling. We did experience many instances of high plus tick in the last hour yesterday relieving pressure on the daily CCT which now stands at -211. There is resistance at the 1070-1080 area and we will see if the market needs a rest from the euphoric push of the last few days.