SPY - late day selloff means little
RKH - 2x top looking good here too
VIX - new lows..but now on support
ETFs - financials lag...tech and materials strong
HEAT - overall its random except the down in financials
Analysis: ok..light volume as we continue to try to reach the old high...makes sense with my guess that we can get a 2x top.....but when looking at VIX, i think its possible that we just start and making a lower high as soon as tomorrow...definitely feels like nobody but suckers are chasing this rally...BUT of course, there are no certainties and definitely no confirmed technical signals that we will head lower before heading higher again...definitely watch RKH and QQQQ to get an idea of where we might go next...
No comments:
Post a Comment