We are at a major crossroads here. If we are unable to break out of this trading range to the upside soon, then there is a danger that we could quickly slide back down again to the lows.
If there were really fundamental problems out there, the market would drop much more quickly. Instead, it can't get out of its own way. It's pushing a big boulder up the hill, and then it slides back down at the end of the day. It's just unable to really get any momentum going.