Tuesday, October 20, 2009

10/19 - stage 2c

SPX - tight range when zoomed out


SPY - bullish channel


XLF - stage 3...laggard


IWM - 2x top? no new high...resistance point


ETFs - materials, industrial, and energy leading last 5 days, financials big laggard


HEAT - financials weak in some spots...


  • things remain bullish but IWM gives me reason to think this might be the top for the market in atleast the short-run...
  • if IWM breaks above to make a new high and XLF breaks out of stage 3 consolidation on the 30min, we will be much much more bullish than now...
  • looking toppy as i look at these charts...

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