Thursday, June 4, 2009

6/3 - Market Analysis (stage 3)

SPX - resistance?


SPY - broke the trendline on a 31% fib retracement


COMPQ - still bullish


RKH - support


VIX - ???


ETFs - energy took a big hit


HEAT - more bearish than the numbers suggest


Analysis: at some moments of the day, i felt that we were just gonna break down hard and reverse...but with the EOD push up, i started to beleive more and more that today was just an ideal pullback in yet another blip in a long uptrend...but if everything falls apart tomorrow with RKH, i will doubt the bullishness once again...

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