The market broke the 1100 level, tested the break and then took on the 200 day moving average at 1108.  It would be expected that the shorts would try and make a stand there and they did just that.  The market was turned away just under 1108 and is now retesting 1100.  The close today should prove to be quite interesting as is watching the battle between the bulls and bears between 1100 and 1108.