NASDAQ Rally Stalls At Resistance

Above is a daily chart of the NASDAQ (QQQ) over the past 9 months. As you can see this market has been in a trading range for most of the year.  Just recently we tested the top of this range and failed to break through resistance.
This has been a very difficult market to trade primarily due to the fact that traders are reacting to every bit of fundamental news that comes out regarding Greece. I

Stock Market Update

OK, a lot has happened since my last post so lets get right to it. As you know I've been bearish on stocks and had a very large short position. The trade was actually working nicely for about 2 days but then things changed in a dramatic way.
Out of nowhere stock exploded higher and before I could even blink my profits were gone. Just two days later I was sitting with large losses which continued