the decreasing volume over the past week is telling to me. I am no chartist but from my experience it looks either like sellers are running out of puff or it is deliberately being manipulated down. The choppy trading indicates huge volatility as if the SP can't make up its mind on which way it wants to go. Either way without news it will blow in the wind for a while like a kite but I would expect a strong reversal upwards upon good news. I am in no hurry.