SPY - very tight range
QQQQ - bullish pattern forming
RKH - brokedown
USO - bearish
UUP - top part of channel
VIX - side
A/D - even day
ETFs - energy leads, financials fall
Analysis: overall, it was an expected pause day before a 3day weekend and possibly a very new driven week next week. Seems like the big plaers are not gambling with their money and are instead waiting to see what news the gov't will come out with next week. so right now, day traders are ruling the day's action with going long on support and short on resistance...very evident if you look at the SPY chart...next week we should break out of this small range...just unsure to which side...many reasons to think in both ways, but overall, we have no confirmation to any side just yet.
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