S&Ps 500 cash

We are 2.5% down from highs set last Wednesday. With widespread hope for a 5% pullback we are now half way there. 

no more buyers or what ?

Market can consolidate in one of two ways – through price or though time. When a stock or index is in a strong trend, these consolidations tend to occur sideways through time, rather than in a counter-trend price correction.

Not much has changed.

WATCH LEAP DAY, WEDNESDAY'S HIGH AND LOW AS FIRST REFERENCE #

No conviction ether way here, internals showing rotation taking place and we need to wait for a resolution with a follow through above or below reference numbers.

follow up on RENN

http://finviz.com/quote.ashx?t=RENN

Now !

  IS THE MARKET GOING TO HOLD UP HERE

OR

  IS THE THE MARKET GOING TO CORRECT FROM HERE