Perfect Pressures

Dear readers, we present SPX & QQQQ pressure charts today. As you can see the buy-pressure has almost disappeared for SPX and sell pressure is high enough, not extreme, to cause the decline. If indeed this is what happens, there will be one more step in the right direction ( Down ) for the markets. Remember these observations come one day at a time, but we see the cumulative affect on QQQQ already. This could be a perfect pressure that breaks the markets back. Watch for a possible decline today. Gold Is not inspiring, but not faltering either, perfect for writing options and XOI is attempting initial support. As stated lately, barring explosion in the Middle East XOI/OIL-STOCKS/OIL are range bound at best. Good Trading