Cobra wrote:feels no good, still likely down. hopefully this time I could be right a little bit.
Cobra: Methinks you are right:
Intraday internals:
Advance decline weak.
Net advancing volume weak.
Tick trying its best to hold the 50 yard line.
VIX at 41. (correction: VXX 41. VIX 34)
Dollar not cooperating with SPX rally.
Bonds turned.
Wait a minute, I see ONE thing holding this rally up: thin air.
The internals need to turn soon, else get out your parachutes.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243368793