SPY - broke out from the consolidation
COMPQ - slightly bad candle...
VIX - back to stage 3
ETFs - materials back in the lead
HEAT - bullish
Analysis: wow...things sure changed in a hurry...finally out of consolidation...but went higher instead of lower...i was thinking it would go lower instead but that shows u how unwise it is to trade from predictions...ok...so the way its going we should go higher...BUT as i looked through the charts, i don't see many good setups,...very very few...mainly because of the EOD decline into the close...it seems insignificant but it might turn out to be a big thing...these selloffs often mark buying climax as volume goes up from many shares changing hands...not only from bulls but also big guys taking profit...but still more likely that it was just a pullback before going higher tomorrow...
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