A Turning Point In the Market

So last week ended pretty well. All three major indices were up nicely. And ending the week in such a will typically carry over to monday more often than not. However, we didnt see it happen here. From a fundamental standpoint, this could be because the market does not want to get to assertive ahead of the vote on the Obama's stimulus package. From a technical standpoint however, its because all three indices are right up against resistance. The S&P500 is hitting horizontal resistance, and is about halfway to the top of a larger triangle pattern. The Dow is at both horizontal and diagonal resistance, and the NASDAQ is at diagonal resistance. This only means one of two things. Either things will explode through these levels, or they will go down. Neither move will affect me to much as I have plans for either scenario, but for right now, I am leaning towards a move to the downside.