- QQQ leader, XLF lags
- XLF took a big hip today..back below 30min EMA
- VIX jumped above EMA
- news still dominated by debt ceiling talks
Market feels like its waiting for debt ceiling talks to end as prices expect and then it can react to other news....for now though, with the big drop in the morning then a strong recovery the rest of the day, i think neither bulls nor bears have command...so even with a great setup confirmation, unless we get a resolution of debt ceiling causing a breakout move in the indexes, it is risky...but not still worth the risk in most cases
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