Kinda wild day on the Street

$VIX went wildly down, then up, then down again, causing mirror reactions in the markets, it ended up starting another up trend, suggesting lower prices tomorrow at the open...



$SPX closed right on the green uptrending trendline generated from the March 2009 to April 2010 move.
There is a lot of resistance under here, and lower....


Here, on the $RUT, you can see the crossover of the magenta and ascending brown trendlines marked the low price of the day and started a rally that only seemed to finish near the end....


On balance there's a lot of resistance below us from different geometries across all of the indexes. If it wasn't for the very poor volume that powered this rally from the July 1st lows, I wouldn't be sure of what the trend really is....at least looking at intraday charts, anyhow.....

Very tentatively, we might in some tortuous fashion get down to the lower ascending trendline in both the $RUT and $SPX charts, before rallying again. Those lower trendlines on both charts were struck twice and held, so I assume they will hold again...So just as the decline from the April 26th high was not a simple affair, it's a reasonable guess that this uptrend we are in on a larger scale, is going to be populated by humps up and humps down...I'm assuming we are on a hump down, at the moment....

I may have more to say later...