Forecast - bulls still confident...but bears are the real ones in control
SPX - weak volume on rally, H+S stage 3 top?
SPY - bullish
DJIA - stage 3
COMPQ - stage 2
RKH - stage 3 sidetrend
USO - stage 2 pullback
UNG - stage 1
UUP - stage 4 pullback
VIX - continuation of stage 4?
ETFs - tech lags...weird
HEAT - all green
Analysis: definitely having mixed signals here...in the very very short term, its better to go long...but by as soon as tomorrow and most likely next week, we got a good chance to break support yet again...going long QQQQ looks good here...shorting definitely best with commodities that are deeply in stage 4. bears should be worried about VIX and QQQQ, bulls should be worried about RKH and light volume
No comments:
Post a Comment