SPX - new high on light volume
SPY - churning higher
DJIA - new high on lil vol.
XLF - light volume pullback
USO - resistance
UNG - resistance
UUP - support?
VIX - descending triangle
ETFs - weak dollar led materials rally
HEAT - bullish
ISEE - bearish divergence
Analysis: i am guessing many traders are going crazy from this unending bullishness....i can see it just from looking at ISEE...bearish divergence several days already in this last batch of bullishness. support for UUP and resistance for UNG and USO does make me think that we are very close to the end of the rally..but that can all change if those levels are broken...just tough to break them on the first attempt and on such weak volume...but as these are all just predictions, its still best to stay long and stay on the correct side of 30ema...when that changes, then it will be time to go short...but for now, the smart money is staying long and loving the consistent (yet slow) rally
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