SPY - bearish
DJIA - bearish
XLF - bearish
USO - bullish for near term
VIX - neutral
A/D - ???
ETFs - XLF winner after being the 5 day loser...think its a pullback today to setup a big fall in the indexes
Analysis: My 30 min charts show that today's rally is still very bearish as it doesn't change the charts of lower highs and lower lows. it was slightly stronger than expected as it did make a final push at the EOD to close higher than the 5day ema....most likely it will fall from here unless it makes a higher low and bust through resistance...i feel ok thinking the market will go down in the next few days to weeks...but a strong showing tomorrow will totally flip my position. options ex this week so we might actually rally into wednesday, then have a huge selloff after (making a very nearterm 2x top)
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