Listen to the Bicep
SPX - bullish
SPY - bullish
COMPQ - bullish but volume worries me
RKH - resistance but bullish til proven otherwise
USO - how much higher will it go?
UNG - got stopped on big volume today
DBC - higher than 30ema here too
UUP - support holds
VIX - resistance at the breakdown level...
ETFs - materials and financials lead...bullish
HEAT - bullish
ISEE - no divegence...bullish
Analysis: everything stays bullish...got the first sign of a possible top from UNG but definitely not enough to start shorting or getting out of longs...definitely possible to go higher...if RKH is unable to break above resistance soon though, maybe that will mark the end of the rally...today's move was good but as we are quite a ways from EMA, a pullback tomorrow looks very likely...after hours we had some bad earnings from AMZN...so the pullback will most likely start right at the open...as long as EMAs hold, just stay long...
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