Brief Update - Stocks pushed through the resistance but the Euro rally and the Gold drop stopped at resistance/support. VXX hits NEW ALL TIME LOWS!
These big moves merely hit support/resistance and stopped. So the big day will actually be tomorrow, when the price falls away or breaks out.
Dow Jones - advance halted?
VXX - maybe supported
10Y Yield - bounced off the horizontal line and is currently below the descending resistance line. This could breakdown in days.
DXY - descending bullish wedge? not sure. Is there a thing for shoulder-head-shoulder-shoulder?
The lower highs and lows indicate bearishness, but the contracting range indicates the bearishness is running out of steam.
It is important to note, the S&P seemed to breakout more legitimately, but it still a 4th lower high if it doesn't advance higher.