The market watch all broke their consolidation lows today. The SPY, QQQ and DIA broke their 3 day low and the IWM broke their prior day low which was a flagging low.
All 4 have reasons to we can point …
The most important consideration in determining market direction is price action. It's not indicators that measure overbought or oversold. That said there and interesting oversold pattern in the 3-day RSI and the McClellan Oscillator. It is not a typical pattern …
Must clear R1
CELG
RRC
Shorts
TPX
Must break S1
JPM
TWC
BP
FISV
ILMN…
Longs
XRT
XLF
KLAC
COH
V
X
IBM
CPX
SHW
CL
UA
RHT
EL
AGP
RRC
Shorts
FISV
TWC
DRI
NTAP
JPM
CTSH
GD
SYK…
Longs
SNDK
EL
BIIB
INTU
RAX
CVX
IBM
COG
AGP
X
Shorts
TWC
DRI
CTSH
SYK
ANF
MCP
…
Longs
RHT
SPG
CVX
SNDK
INTU
VFC
SBUX
RAX
Must Clear R1
IBM
AAPL
GOOG
URI
COH
UA
TGT
LTD
ESRX
V
UA
Shorts
GMCR
SYK
ANF
NFX
CF
AMZN
GS…
Longs
AAPL
INTU
UA
ONXX
RRC
VFC
SPG
RY
TZOO
RHT
COH
HAL
SBUX
CVX
Must clear R1
SNDK
TGT
Shorts
AMZN
CF
NFX
GS
WYNN
CREE
SINA
PCLN…
Longs
QQQ
SNDK
URI
SHW
RRC
SPG
HANS
TZOO
Must clear R1
GOOG
AAPL
CAT
RHT
SBUX
EL
RAX
HCP
Shorts
CRM
GMCR
AMZN
GS
SYK
APKT
APA
VRTX
MOS
POT
Must break S1
AAPL…
Longs
GLD
IWM
XLE
RHT
SBUX
SNDK
URI
GOOG
HCP
SHW
EL
Must clear R1
RAX
VFC
CAT
JAZZ
APA
TZOO
MMR
RRC
Shorts
APKT
AAPL
CRM
VRTX
MAN
GMCR
CREE…
Longs
GLD
RRC
COG
DECK
HCP
PXD
SHW
HANS
WFM
Must Clear R1
ONXX
JAZZ
CAT
SPG
CBI
BEAV
Shorts
CRM
APA
AAPL
BTU
IDCC
EW
FOSL
WHR
GMCR
BAX
OPEN
AMZN…