SPY - slightly higher low
SPY revisited - 30min uptrend showing strength
COMPQ - pure triangle...support now from it
XLF - landed right on support
USO - still at support, light volume
VIX - bearish candle as it closed at the lows...
A/D - nasdaq leading
ETFs - tech is by far the leader today
Analysis: i am slightly unsure how important that higher low on SPY 30" chart is...overall, from the 10min graph, we traded within a perfect rectangle pattern with clearly defined support and resistance...as resistance held up and we are still in a 30min downtrend, i suspect that we will still go lower...BUT as most charts are at support and VIX looking topping yet again, there is many reasons for tomorrow to give us a reversal day that confirm the need to get out of shorts...personally, today felt more like a pauseday before a resumption of the fall than a setup to a reversal...
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