Today's Trading Plan: Losing Volume Again

Technical Outlook:

S&P 500 (SPX) gave up all of its mornings gains yesterday to close flat on the day. Today looks to be setting up in the AM in a similar fashion as the futures are popping higher.
The trend these days is to ignore Crude (/CL) when it is trading lower, and to rally when it manages to rally. Oil is down prior to the start of the equities market opening, and as a result, the market is ignoring it.
SPX continues to trade in a tightening range following the 9/9 sell-off. Tomorrow, the Bank of Japan and the Federal Reserve will announce their own monetary policy decisions, and it will rock the market in one direction or the other.
Volume on SPDRs S&P 500 (SPY) was incredibly weak on Monday, and was hal f of what we saw on average last week. The reading also came in below recent averages.
The SPX rising trend-line off of the February lows still remains a possible destination for this market. A test would occur at 2115. Overhead, there is plenty of resistance in the 2155 to 2170 area.
This market could still easily reverse back down again, though I think the bears have missed a golden opportunity over the last week, to push this market lower.
If SPX continues to move higher today, it will find some heavy short-term resistance in the 2160-75 area that it will have to deal with.
Crude (/CL) looks to break the September lows and likely move on toward the August lows.