SPY - bearish
RKH - bearish
USO - bearish
VIX - at resistance
A/D - bearish
ETFs - strong are the safety plays, weak is financials and momentum stocks...similar to any downtrend in 2008
Analysis: things looks much more bearish after today...really was thinking bulls would be able to push for a higher low today...but they failed...now it seems like we will test the bottom of the channel and despite thinking it has a good chance to hold that channel, financials and oil seems to suggest that we might be heading to a complete breakdown...right now i am long...but only on my stock...ain't wanting to play the overall market at all now...treacherous stuff
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