SPY - tight range
RKH - support needs to hold
RKH 30 - range
VIX - support holding
ETFs - financials lag yet again
HEAT - scan looks quite bearish to me...don't think materials can keep up the market
Analysis: market looking real susceptible for a strong pullback...might get down to 66% fib on the 30min chart if support fails...RKH lagging and VIX holding up support makes me feel that this last leg up might be a fakeout and the market might actually fall hard here and surprise and scare all the relaxed, lazy, piggy bulls out there...not ready to confirm this yet but definitely looking possible...i'm long, so i hope it doesn't happen, but who knows...definitely not the time to get lazy with analysis...
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