SPY - side
SPY10min - strength of resistance and support
COMPQ - bullish setup?
RKH - resistance holding on light volume
USO - confirmed breakdown. bearish!
VIX - neutral
A/D - side
ETFs - old switcheroo! energy down, financials up
Analysis: overall trend is sideways...secondary trend is the drop of oil and commodities and the rise of financials. Financials seems very much like anticipatory bullishness...it means that news will shake the market out of this short trend channel...i won't be surprised if something huge happens tomorrow in the news or if after hours action will shake stuff up tomorrow...and oil...its looking very bad....despite not liking it to the downside as its way oversold and world supply is running low, i might have to get into a short oil play as its the best pattern out there...ok...i feel behind on the news...need to catch up...
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