SPY - bullish
DJIA - broke resistance
COMPQ - broke out
RKH - big resistance
DBC - bullish
VIX - SPX bullish
A/D - bullish
ETFs - broad rally
HEAT - everything rallied
ISEE - not much call buying...bearish divergence
Analysis: Today's move was highly doubted by many technicians espeically me...but now that i look at the chart, i really have to respect the move up...i mean, odds are we are still just having a bear market rally but after 800, i am not going to be predicting any more tops...this rally is strong and might continue for a little longer...better to just to grab a few longs for a few days than keep fighting the tape as the rally is very ideal for the bulls now, with support at nice levels...only bad thing is that we also have resistance all over the place now...by tomorrow we might get a strong move down and again i will get bearish, but for now, it ain't smart to...a hold of 800 today and i would have been super bearish, but as we broke out, i dunno if we will sell the news tomorrow as we have in the past...
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