Wednesday, February 10, 2010

2/10 - stage 1b

SPX - resistance holds


SPY - rangebound lately


XLF - pullback...but bullish


RKH - ascending triangle complete....not can it bounce from it?


USO - should eventually breakdown...at resistance now


UUP - oversold...got a chance to bounce


VIX - support strong below but with lower lows, i think we will break it tomorrow


Elliott Wave (spy) - looks more bullish than bearish to me now...pullback looks like a wave 4 which means that if i am right, we will be getting a wave 5 soon

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