Friday, July 9, 2010

7/9 - stage 2c

bullish, UUP not

SPX weekly - above neckline so maybe not a pullback and easy fall like what bears want



SPX daily - down trendline and 61% fib is at same point not far away


SPY - filled gap and then some...


SPY 10 - closed again at the highs...no resistance


DJIA - at down trendline now...might be resistance as we went up so much at such low volume...above 61% fib though


UUP - finding a bottom and on 30ema now


VIX - another new low...no divergence with trend


NYMO - nearing max overbought levels...be careful


HEAT - possible sign of reversal as first time we see large cap doing worse than small caps...profit taking started today

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