signals mixed causing technicians much headache
SPX - pullback to breakdown
SPY - above ema now...side
COMPQ - still bearish
RKH - holding on..side
OIH - stage 4 pullback
VIX - resistance holds
ETFs
HEAT - mixed
ISEE - bearish
Analysis: as i look at many charts, i see that most stocks have fallen a lot and many seem ready to get a pullback to EMA...problem though is that the rise was so fast up that the fall can be just as fast...some charts still look ok in terms of timing shorts, mainly gold...energy seems oversold and will lead the pullback if it continues tomorrow and next week...currently, there is just as much reason to head higher for a pullback as there is to fall lower as support is weak...
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