SPX - resistance...side
SPY - side
SPY 2 - bearish
COMPQ - 2x top? side
USO - 2x top? side
UNG - bearish breakdown
VIX - still bearish...resistance
ETFs - all red
HEAT - all red
Analysis: things turning more bearish...or to be exact, turning less bullish...several things have to happen to be fully bearish...SPX needs to break support and COMPQ needs to make a lower high or even high and fall lower and of course, VIX needs to find a bottom...the first of many possible bearish signals occured today which is the drop of UNG after a consolidation of the huge symmetrical triangle during the past few months...i view this as possibly the first real confirmation of bearishness to come...but very might well just drift sideways for another week before we get the indexes confirming bearishness
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