Tuesday, June 22, 2010

6/22 - eod scan


confirmed breakdown of triangle


  • starting to see some nice bearish setups especially in retail
  • IWM still unable to confirm 2x bottom breakout...most bearish signal we got...small caps usually lead the market..
  • some nice bearish flags forming...resistance hit and going towards support
  • nice bearish pullbacks are most common pattern
  • some sloppy 2x tops confirmed today
  • gonna be very bearish if SPX daily cannot hold onto to daily chart's 2x bottom neckline support

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