Stock Market Update, Forecast, and Outlook: July 15, 2013

Small Caps (IWM), are at channel resistance and potential fibonacci resistance.  Here is the chart: The market could sell from this location. The trend is still up, and no breakdown yet, but this is a definite level of potential resistance hit this morning. If (middle word in life) this last move has been a "blow off" top, this would be where it ends.
Peace, Om, SoulJester