Chart Talk {10.02.15}

Market is going to be down on a weak jobs number this AM.  Still in the process of trying to find a bottom it seems.  There's an awful lot of trapped longs at higher prices.  In case you're wondering there's a lot of ETF charts that look similar to this.  That is there's a lot of sectors and indices that have overhead resistance at multiple levels and over a year's worth of trapped longs looking to get back to breakeven.

Back early next week.

Original unannotated chart is from FINVIZ.com.


*Long ETFs related to the S&P 500 in client and personal accounts although positions can change at any time.