Despite trading off within 5 minutes of the open yesterday, the Dow has shown tremendous resilience, making a higher low in the face of the second attempted bear raid on it since the beginning of March. Time to face facts and adjust to the message this index is sending out...it's still not ready to go down. Get ready to close out shorts towards the open and readjust perspective, looking for further consolidation over the next couple of weeks, but with an upward, not downward bias, as per update.