SPX - 61% fib holds with a doji...
SPY - tight range and very close to being under 30ema..bearish diverging oscillators
RKH - resistance that hit SPX hard at the close? but still a bullish day for financials
UUP - below 30ema but still in a range...looks likely to be bullish as well as bearing
VIX - near a 2x bottom...didn't have a complete break of last support...held up strong today
NYMO - big reversal signal...
ETFs - financials vs energy..lets see who will give way first?
- hard to say where we go next...
- mcclellan sure looks downright bearish though...definitely seems late to buy long but time to exit out of longs was today? hard to say...
- financials holding strong is biggest bull signal out there...don't think market can collapse without financials going back under 30ema
- therefore, tomorrow will either be a huge drop in financials or a fall of VIX and UUP which will mean we might have one more push higher before fall
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