SPY - triangle
RKH - light volume up day
VIX - SPX bullish
ETFs - mainly financial rally
HEAT - only financial and basic materials strong
ISEE - bearish divergence
Analysis: This is a tough time to be confident about being a bear or a bull...we are sidetrading and the charts above illustrate it very well...just a good a chance to see us go up as down...and even when that does happen, a good target for the move will be tough to make...i think a good trade will be a trade based on the triangle pattern of SPY that should be broken out of tomorrow...emotionally speaking, i am just as cautious about being bullish as bearish...so many reasons to think both cases will fail...right now i think the pressure is on the bulls...if they screw up tomorrow, we can fall hard...
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