SPX USO XLF Ranges for Wednesday

All look tired and ready for a correction...Thinking how this may play out: we correct then move to a new rally high say 950 - 970, then resume the Bear move. One thing to watch for is a SPX 10 40 Week EMA cross to validate any up moves

Nice bounce to 914 res, 25 min to go

Flag'in up 902

SPX 986lows on bounce... one more push down for a tradeable one... Market looks worse than the numbers show

USO fills morning gap unchg now...trend line break, watch RSI for breakdown

901 lows...can it hold?

SPX trying to hold 902 still

USO gap open rsi sell signal - see how it acts at the uptrend line

SPX 902 test... 897 next support

Unless we close much higher today I have to treat this as a top or topping... OBV could do a trend break, RSI backs off, Price turns back at res

Watching MACD cross to confirm, PPO is crossing down today...(unless we close much higher today) Also 899, the 10 day EMA needs to hold

SPX headfake open unchanged now..XLF weak

SPX thoughts...a trend line test takes place ~ 903 - 905 today

SPX may not hold it if it gets down there. If the rally is real, a pullback to 875 or so would be a place to bid.

SPX Fut up .5% UNG up 4% USO up 2.3%

UNG 17.32 from 13.... Oil is in breakout territory now USO run to 35 res in the cards

Current weekly 10 40 MA crossoversl

KOREA EWY, Retail, SSEC PGJ, CFT, HYG, SLV, TIP. Because these are all screaming and up 30 to 50%, I'd be placing longs near the 10 WMA for pullback and stops just below. XLK Is close to a cross a well.

SPX ranges for tuesday...XLF filled Friday's gap, XLK green today

Double top? gulp
Double top? gulp

SPX 3:30 testing lows 908

SPX 2:30 (Daily on XLF SPX USO, all having trouble with res here)

SPX barely holding it together at 915

USO interesting pattern here

Fading here