Friday, July 2, 2010

7/2 - stage 4c

still bearish..turning more side though


SPX weekly - h+ s confirmation on weak volume..maybe a pullback to neckline before breakdown??


SPX - still bearish with no support...scary for bulls


SPY - indecision going on but rejected at 30ema...still bearish but with some bullish divergence


SPY 10 - beginning of a triangle forming...huge fall last minutes as bulls scared to hold over the weekend...thinking they saw the h+s in weekly chart and just wanted to not have to worry about that over the 4th of july break


JJC - resistance above but closed above 30ema...bullish signal


VIX - below 30ema and rejected on prior support...bullish


NYMO - indecision all around...i feel a change of sentiment but bears can just as likely crush all bullish signals right on tues open


ETFs - financials and industrials weakest...no good..

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