
The breach of the
ORL which coincided with the daily
trendline set up the perfect storm. Broad based selling on heavy volume (institutional) into midday. The 50
DMA held as support, but still we closed near the lows. We aren't too oversold just yet, but soon. Oh, and we've given back the entire YTD gains.
GOOG earnings AH didn't impress, stock is down 30 pts.

SPY trade - Lower high is the tell. Breach of trendline is the trade.



H&S patterns for
GLD and
USD (inverse).

The
VIX volatility index made a sharp move higher.
1 comment:
Google dropped like hell.
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