SPY - watching this trendline
RKH - bearish (slight)
VIX - huge break of resistance...bearish signal
ETFs - momentum stocks lag
HEAT - all red except in the safety of pharma
ISEE - put buying throughout the day
Analysis: definitely tough to get too bearish here...the volume is so light that even a breakdown of short term support and lower lows and highs on SPY doesn't mean that we will trade in a very exciting way...maybe the summer duldrums have just brainwashed me into thinking that it will be boring for a longtime...but thats how i interpretting the charts...we are pulling back..and its healthy...but 61% fib is nearby and the volume is so light that much committment by the sellers don't seem convincing enough to get super happy for my bearish side...but definitely don't go long here...just try to pick up some chump change with this near-term pullback...
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