
SPX - weak volume on rally, H+S stage 3 top?

SPY - bullish

DJIA - stage 3

COMPQ - stage 2

RKH - stage 3 sidetrend

USO - stage 2 pullback

UNG - stage 1

UUP - stage 4 pullback

VIX - continuation of stage 4?

ETFs - tech lags...weird

HEAT - all green

Analysis: definitely having mixed signals here...in the very very short term, its better to go long...but by as soon as tomorrow and most likely next week, we got a good chance to break support yet again...going long QQQQ looks good here...shorting definitely best with commodities that are deeply in stage 4. bears should be worried about VIX and QQQQ, bulls should be worried about RKH and light volume
No comments:
Post a Comment