SPY - trendline turns into resistance
RKH - still ok
VIX - SPX bullish still
ETFs - mainly a pause day
Analysis: overally a pause day with a drop at the EOD...main technical point is that the old trendline that was broken a couple of days ago became resistance not once, but twice today intraday...it ain't enough to get super bearish on the market but it does mean that we have a good chance to fall more tomorrow and i beleive we will stay rangebound for a couple more days...annoying as hell but thats what we got after 6 straight weeks of profits for the bulls...
No comments:
Post a Comment