Here' a look at the TWM which is the ETF inverse of the IWM or Russel 2000. As you can see the Fib fans are lending clear support and resistance levels. It is quite possible a bounce off the bottomside of the top fan line may occur next week before the TWM highs will be tested.
The volume on the DOW and DIA was pretty weak for an assault on the lows. It will not take much buying to induce a short squeeze.
The same holds true for the SPY which actually posted a Long legged Doji bullish signal on the Friday close. Hmmmmm, I wonder if a reload is in order for the Bears before the lows are blasted through?
The volume on the DOW and DIA was pretty weak for an assault on the lows. It will not take much buying to induce a short squeeze. 
The same holds true for the SPY which actually posted a Long legged Doji bullish signal on the Friday close. Hmmmmm, I wonder if a reload is in order for the Bears before the lows are blasted through?
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