SPX - support
SPY - possible 2x bottom
QQQQ - downtrend losing steam
RKH - neutral
VIX - support?
ETFs - weird to see materials lead and energy lag
HEAT - tech becoming a leader once again
Analysis: more signs are pointing to that we are near the end of the pullback to support...we can still fall more, but right now, the strength of the bears seem to be near done...if things keep going in this fashion, we might get back on track to retesting the highs of last week this week...but for now, its best to stay bearish until we have confirmation in the charts...if new or some other announcement comes out to scare off the buyers at this support level, we can still have a much bigger decline on our hands...definitely best just to trade small positions in the bearish side...
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