It was also in sync with a cyclical resistance on the weekly chart, that held the market so far. It is the second turn after end of trend, exhaustion buying, bearish divergence and even a Rambo week, so everything is set to a major decline. However, I do not think it is going to happen right now, maybe in the autumn when the Boys are back in town.
Emini-Watch.com is a showcase for the 'Better' trading indicators - a series of 3 non-correlated indicators based on Price, Volume and Average Trade Size. Videos on the website show how I use the indicators to day trade the Emini and follow related markets like Bonds, Crude Oil, Gold, Forex, etc.