mortdiggiddy

May 9 and 10 Gaps Filled

OANDA:SPX500USD   US SPX 500
Weekly Pivots retested and possible backtest of wedge here. Getting oversold a bit. $SPY $QQQ $VXX $TLT $DXY            
Comment: The possible island top with a doji yesterday, May 14 wasn't good. However I will keep an eye on this.
Comment: Notice that we topped out right at Month CAM R4.
Comment: Similar topping on Month R4 for Russell 2000. The Russell continues to show better strength compared to other rate sensitive indices. Today it is barely down while the DOW dropped 200+ points.
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