SPY - trendline held
XLF - tested lows intraday
RKH - bearish
USO - bullish looking
GLD - good support, SPX down
VIX - resistance held, neutral
A/D
ETFs - mainly neutral for most sectors. rotation out of utilities?
Analysis: basically just a pause day today...trend remains down and trendline even remains intact. bulls have much work to do to even get above resistance...i am guessing we will fall down tomorrow in the morning, get a test off the gap window and fall to a very low level. some indicators showing that we might possibly get a bounce and if this market was normal i think that a bounce is very very likely tomorrow...but as buyers seem to be hiding elsewhere, i am more bearish than i normally would be...i am definitely seeing sector rotation and spotting many breakdowns on my charts. utilities, education, and healthcare should remain bearish while energy and gold might get boost
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