OK, upper S&P and lower QQQQ charts.What we see is a continuation of yesterday's configuration, where S&P is ready to go down, but sits in a strong position (buy-pressure under average-pressure ) and QQQQ is washed up ( pointing anywhere you think direction is ). All previous comments apply, in addition, QQQQ shows more price weakness and S&P is holding up to. With Transports/DJI non-confirmation points to trouble for stocks. Need market to confirm what we say. So far, this thin market is confusing everyone including itself. FED meeting on 12/13 DEC could force markets hand. See yesterday's XOI/GOLD/EURO comments. Good Trading.
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