SPY - triangle, bearish
RKH - still bearish
USO - possible 2x bottom
VIX - SPX bullish
A/D - volume is super bearish...bearish divergence
ETFs - tech, XLF, and XLE laggards? definitely bearish day....
Analysis: looking at just the 10 min chart today, i felt quite bullish and thinking things will turn around before falling harder...but having the last fall at the EOD, gave even the 30" chart looks more bearish than bullish...there are still chances that we can bounce and close above recent resistance, but indicators show that bulls are more in charge than bears. I fear that we can fall hard either today or monday to bring us below support...the lack of true support in financials is most bearish while USO and VIX charts are giving me slim hopes of bullishness. definitely a time to be very choosey with your stock picks.
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