SPY - broken uptrend
RKH - big support...superlight volume today
XLF - neckline support..bigger volume
USO - ???
VIX - downtrend still
ETFs - financials lead down
Heat - everything red
ISEE - bullish divergence
Analysis: everybody agrees that today's fall is big...and many people probably predicted it too...thing is that i feel many technicians think this is the start of a big reversal...i, on the other hand, feel different...technical signs tell me that we are likely to move higher...i will keep a close eye on VIX and RKH and only when those charts look bearish, will i buy that we will go lower...there just seems something very fishy about today's move...i might need to change my view as early as tomorrow, but for now, i think we got a good chance to make today into a bear trap.
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