![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2BShtebfJjpfl5-crmGi2dvCmNA4tZ1KIGI9NZ-t97VSxfkPvun-tTaX05AltuIhLyoddaoKG1JlId7rP1eQuI8fYgvsZS1uf_gyewPy0ea7yGoLKAVowQX3tChJICVYxD4AsA80tFFc/s400/Chart+of+DIA.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhVyk3rjzWZ3lKyRcEl-ax8VH2x6FDCpBYQTrb1GupYrdXj6sSrXKDY6tuemY6IbtSkkt07brbJh0jyZ0NdfTAFluTkMFyPtnwCw1pWW_kLBvgR7fdzOgBmYp37XOr4Ad1NdaRbd3Gy6c/s400/Chart+of+SPY.gif)
On the two charts above (as always, click for a larger image) notice that both are running into a lot of upside resistance. Also note that both are printing a series of very weak candles -- very small bodies with very long shadows. Note that volume is also down. These charts are telling us prices can't get above a certain level, indicating the upward momentum has dropped.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTECU74IFYkM9N9dyWLe5Ii7_wX7DlQOgvedPd0bNmjk3kJFgMdOWj_J8qjBklSZhw8i_MsHKElC2ihduHtX6E69MkFV921onTXCQpXopcWhaFE-JwiTRo7HExBgqNe9dgjMOfqK-RbEg/s400/Chart+of+IWC.gif)
The IWCs -- the microcaps -- have already fallen from highs and are consolidating above the 200 day EMA. This tells us that risk capital is pulling back from the market.