Bulls, take your money and hide...bears are back in full force!
SPX - bearish
SPY - bearish
DJIA - bearish
COMPQ - bearish
RKH - side
USO - bearish
UNG - bearish
VIX - SPX bearish
ETFs - xlf strong...why?
HEAT - financials are the strongest
ISEE - bullish divergence
Analysis: I went into today thinking that if the supports don't hold and the major indexes complete their breakdown of neckline that the market is 100% bearish....total green light scenario...but there are 2 things bothering me...its ISEE and financials...it shows underlying strength left in the bulls...i suspect tomorrow to be a huge move and the deciding factors of days to come....if we fall lower, no more bullish think bout it..but if we somehow rally big on good volume, it might make me concider today just a headfake...odds favor more declines but be quick on your feet...
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