Explanation of Trade

As noted entered short trade at $132.99 for the following reasons:

1. Fibonacci Fan resistance level was hit
2. A/D (Accumulation Distribution) showed a bearish divergence => higher price high on SPY was met by a lower price high on the 15-min A/D line
3. Both SPY and IYT (Dow Transports): MACD Histogram was negative
4. TRIN (NYSE arms index) vs. SDS => TRIN Stochastics (short and long term) were both > than SDS counterparts, which is bearish for the stock market

Market is now trading at $132.57, so I covered early @ $132.72...just tough to stay short the market lately, so I'm a bit gun-shy, took the profits early and will watch for the next step.