SOX: Put your head on my shoulder

After close analysis:

This was a strange day indeed- market wasn't in sync! I'll need to clarify the 1bo-r rules to roomies and post some tarts. Hmm, what else? Oh yea, made some wild predictions re Dow and the "witchhat" pattern (scary!). Took a short in the morning cuz futs looked weak and breadth although opening higher started reversing. Skipped couple of 1bo-r since didn't feel comfortable shorting with breadth drifting higher (should take the setups though). Another 2/6bo on the long side that worked out, then a meaningless ES long trade off the 15min (ES range needs serious counceling!). Overall analysis was good, and played it safe cuz there was plenty of resistance to the upside. Tomorrow I'll be watching the SMH &SOX: they're key especially if the H&S plays out to the downside.

Observation(s) of the day: ES and Dow moved to the upside. NQ, AB, didn't confirm. Again, breadth opened higher, drifted lower but found support @ yesterday's top of bo's range! Even breadth has patterns (something to watch).

Market breadth was neutral. Vold taking a stroll in the park (technical term for NR) till it whimped up in the afternoon but not by much: closed with a hi @311 . Add and Addq both opened higher, drifted lower before reversing to the upside. Minor +ve xovers on both. Continuation to upside tomorrow?

Futures were mixed. NQ & AB traded below their emas and found resistance @ ema after retracing morning down move. ES turned bullish later in the day and is above ema. ES 200R chart turned bullish after finding some ema support. All 3 retraced only 50% of yesterday's down move.

Indices were also mixed! Dow was a bulldog (too much cowfee hehe) and just had an up day making new hi for week @10750. Sox & Smh both found ema support in morning and formed what I see as a clear multi-day H&S with a neckline and a possible right shoulder. Will monitor tomorrow.

Overall positive day!