SPY Sell short signal fizzles out 4/4/11

The SPY sell short signal fizzled out as SPY never dropped below 132.83. Back to where we were before. Exit on long still holds. SPY is knocking against the resistance from the previous high 0n 2/18/11 of 134.69 and may fall back a little before summoning enough strength to break through. Once it breaks through and crosses a new high, that will be a bullish signal and I will get in long with more commitment. Resistance will become support and a good level to keep stops below.