Sellers have been in control this morning. Market analysis of these ETF indexes DIA, SPY, QQQ, IWM, VIXY with probable targets.
The market ended the week on a weak note for the most part. Long and short targets for SPY QQQ DIA and VIXY.
Markets are trying to consolidate and rally to higher highs on the daily chart - but running into resistance at this moment on the intraday levels. Possible upside and downside intraday targets are discussed.
Buyers took control in the afternoon but did not close out strong.
Long term markets are still long, but price action and VWAP analysis is showing weakness today and yesterday which may roll over into a further correction down in price. The VIX is a little less bearish about market direction on an intraday basis. My bias is down or sideways. There is an increasing amount of resistance to the upside and not a lot of base building...