[notouch]

It definitely appears to be topping on the daily charts so I'm planning to liquidate longs I've built up over the past month if weakness continues. There seems to be more volume coming in to sell the rallies than buy the dips. You'd expect at least a 50% retracement of April's monster rally. Having said that there is still a lot of buying interest on the dips, probably just dumb money at this stage but enough to keep the market in a range for now.