SPX weekly - trendline resistance overhead..might blindside many bulls
SPX - confirmed bull pullback
SPY - above resistance
DIA - stuck below resistance still..big laggard
QQQQ - above resistance but way higher than DIA or SPX
UUP - stuck in rectangle
VIX - strong despite SPX rally but below resistance and 30ema still
NYMO - back to the highs...overbought levels
ETFs - financials total laggards...bearish
- surprised to see that we have some lagging charts that tell us that this might not be as strong a situation as QQQQ and IWM show
- but as things on daily chart look healthy, looks like we will try to test old highs
No comments:
Post a Comment