SPY - trendline holding strong
QQQQ - stage 2 pullback?
QQQQ 30" - trendline here too
USO - stage 2 pullback...bullish
VIX - 30ma resistance
ETFs - tech leading
HEAT - bull mix
Analysis: charts are pointing up and down...in some places, we are just making stage 2 pullbacks before a resumption of the rally...but in other charts (many are in energy and materials), we are pulling back from a stage 3 breakdown getting ready to go much lower with little support...all i know is that the 30min downtrend line is going to be important..if it doesn't get broken, we are very bearish...if it does break though, the bears have little chance to break it down til a small pullback up is completed (for a possible head and shoulder's top in SPX and 2x top in USO and QQQQ)
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