END OF THE MONTH REVERSAL?

WWW.STOCKTOCK.COM

VIDEO:http://www.youtube.com/watch?v=eWboqKNPDJk


First of all I want to go ahead and admit that I was wrong when I said that the market
would go up early in the morning and then reverse in late trading to fall about 1-1.5%.
That was my intuition but it obviously didn't happen. The market continued to stay at very
strong resistance but failed to break it. It looks like my down day might get delayed by a
couple of hours and take affect either tomorrow or the day after. Tomorrow is an important
day as it is also the last day of the month. At this point i would rather be more bearish
than bullish as we have the H&S formation still in play and a lot of resistance from over
head, and today's volume was incredibly low (as low as fridays or even lower). I look at
different charts to show how the bearish side looks more promising, but I stay neutral on
some action. I view SPY, XLF, GS, AAPL, AMZN, VIX.