SPY - 2x bottom confirmed
RKH - possible 2x top later
VIX - bulls in control
ETFs - financial leads
HEAT - everything did well except safety stocks
Analysis: looking at sectors, intraday action, and the size of today's move, we have no reason not to be super bullish...the charts even confirm the bullishness when looking strictly at the price pattern...only problem is the lack of volume...and it wasn't just light volume...it was superlight volume...so light actually that i am really thinking we are gonna have one last push to the prior high on light volume (because institutions are on the sidelines and only suckers are supplying the bullish action) and then fail once bears rush back in....but for now, its bad to hold shorts...better to go long and just keep stops tight as the bulls might surprise us all and make new highs...
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