Friday, May 29, 2009

5/28 - Market Analysis

SPX - side but maybe bullish flag forming


SPY - symmetrical (bullish) triangle


RKH - side


VIX - side


ETFs


HEAT - financials very impressive


Analysis: seems destined to just flow sideways until we break out of this pattern...very likely to get a false break today that might just break for reals on monday if we get a super weak volume day tomorrow...this real breakout should have good volume and emotion...anything less is probably just a headfake put on by day traders...

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