Equity Markets - The Battle is On

We have run smack dab into the 34 ema on the daily chart, which is the line in the sand for this bounce off of last Friday's tank. We have pierced it once today and have fallen back to lower highs and lower lows since the open. The high is the 200 ema on the 30, 60, and 120 charts, so this is a formidable opponent for longs. With that said, My 30-min chart has a bull flag right up to the 200 ema, my 60 min chart has momentum long kicking in, and my 120 chart is breaking above the range it formed at the 200 ema level. This explains the struggle we have for today. My stocks are also showing fairly good support for the market right now except for IOM (fucker). Crude is coming down from its high, but is still above $91. Yen is above the flat line. Gold is off the charts. All I can say is that we are sitting at very significant overhead resistance, but there are some strong looking stocks out there. Let's see what happens if the morning pattern of lower low/lower high is broken. It is getting shallower and shaller as I type. Net bias is long from here (YM currently up 22 ticks).