SPY - bearish
DJIA - capitulation volume?
COMPQ - going to lows
RKH - resistance holding
USO - resistance holding
UUP - @ resistance
VIX - bearish SPX
A/D
ETFs - healthcare falling off a cliff this week...
Analysis: No reason for us to be bullish here...supports broke today and i think we will continue to fall...mondays are always scary but it should open favorably for the bears...i sold off all my put positions on friday but after looking at the close and the charts, i wish i had did a double down instead of selling off to take profit. It can be said that we are way oversold and people just overreacted this week, but charts don't lie, and they say that we will head lower, possibly much lower.
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