SPY - brokedown, void H+S
RKH - resistance
SMH - resistance
WTIC - bottom in but at resistance
USO - strong resistance
VIX - strong support
GLD - very strong support
FXY - going down...bullish spx?
A/D - slight bearish
ETFs - important sectors strong...unimportant ones weak...total sector rotation going on...
Analysis: First i have to mention sector analysis...what everyone is looking to fall hard is commercial real estate...and i beleived that..but i think that ain't the next sector rotation...the next and maybe the last will be money out of education and health care and money into financials and energy...basically we are very near the end...once financials and energy start to rally, we can call this a bottom...actually...more specifically is that once we have the last safety sectors fall, and ppl have nowhere to hide...then we bottom...and ppl start to see that its best jus to put money on great value stocks being financials and energy which have been raped 10 times over during this economic crisis...ANYWAY...back to the analysis...the overall feeling i get from the charts is that we will fall...we got the run up needed to push us lower and that lower move will come very likely tomorrow and into monday...we will get the retest of the lows from IWM, MDY, and COMPQ finally and that is when we can finally rally...there is a likelihood that we get a huge fall tomorrow morning then a super huge news related bounce to close hella up as in a hammer but i kind of doubt it...just watch for it and call me a genius if it happens...but for now, just stay bearish...
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