SPY - big breakdown last minutes
SPY 60 - virgin but also back on support from resistance
RKH - sidetrading
XLF - side as well...and near support too
UUP - side for over a week
VIX - resistance from trendline...not hit old high yet
- big drop means stage 4
- strong support near the close and far from 30ema..
- conclusion: going to get a bounce on first trading day of the year...that might setup a longer term drop later...
- but good chances this week will sidetrade, which of course really will disappoint the eager bears
No comments:
Post a Comment