The failure to hold the opening levels was disappointing but not out of the ordinary for a quarterly options expiration. The little bull flag turned into a rectangle. Rectangles are consolidation patterns that are neutral and can last awhile.
SPY (and DIA) are weak compared to IWM for a change. QQQ had a decent week, the other major ETFs look like they be up from last week but are winding up short of recovering 50% of the pullback.
The xMM shorter term and xCC longer term are buy signals.
