Thursday, December 24, 2009

12/24 - stage 2b (keep holding longs)

SPX - small santa rally still continuing


SPX weekly - think the rally can get up to 61.8 fib, not just 50% fib people been staring at


SPY - bullish, no resistance


XLF - bullish breakout


RKH - the laggard has strong resistance on close


UUP - a reversal here makes me believe that SPX can reverse too as i feel a big chance in an commodity that was closely related to SPX recently will signal a change in the market environment in general...and as we are bullish, now, a change would mean bearish

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