SPY - bullish
DJIA - resistance
COMPQ - resistance
QQQQ - strong resistance
RKH - strong resistance
OIH - very strong resistance
USO - slight resistance
VIX - strong support
A/D
ETFs - financials not participating
HEAT - financials weak
ISEE - bearish divergence
Analysis: based only on SPX and SPY, we will rally more...based on everything though, the rally has fizzled...major indexes and sectors are at strong resistance and even the VIX is on strong support...everything is almost on the dot too...seems to perfect...and of course we got weakening volume too...since the rally is so strong and so many ppl want it to last, i think that the sectors that hit resistance today will just drift sideways tomorrow...such as tech and energy...then we fall hard next week...BUT as the trend is still up, its not the best time to short just yet...think the best play is just to hold positions and not initiate any new long positions as i really think this might be the end of it...
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