After almost a 5.5% bounce higher (that I called), I expect the market to find resistance and begin resume its decline to the 9600 level.

We have seen the volume drastically decline as the market moves higher indicating a lack of buying as prices rise. Also, the major exchanges are coming up on both the 50 and 200 moving averages (which are converging bearishly).

Here’s a chart:

The overall trend is down and signs are pointing to more decline.

When shorting, it is best to wait for a sign of weakness (i.e. when the market moves higher but gives up the gains and closes on/near the lows of the day).

I expect to see an tipping point within the next day or two. The volume will most likely be above average and the day will close largely off the highs. Check out either Facebook or Twitter for an update.