We are starting to look tired here..... no more short covering to provide upside... the bulls have to work for it now....... Maybe we are working on the top tick...... - Seems most likly that we would buy up into the close....
- we havn't broken the uptrend yet..
- we usually have a 5 wave move in an uptrend... and we have only had 3.....
- one possibility is that we just keep slowing down to the upside, till there is almost no volitility.... and then we drift back down for weeks
- different possiblility is the buy up to earnings.... then as earnings dissapoint we trade down.
The XLF has broken another downtrend and should threaten the highs.
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