The SPY went up on light volume today and closed below yesterday. Price went into the May 7th big volume down day and 317 million versus 205 million. There is no buying volume. Market is coming down.

spy1

XLE (Energy ETF) also confirmed that we are coming down. Price went into Feb 10 massive down day with 56 million and we went up today on 16 million. Which way is the buying pressure? Heading down. I entered DUG (2x Short Entergy) and ERY (3x Short Energy) today.

Dug should test $22. ERY should head up to $35.

xle

Also financial look very weak and I entered into FAZ which should head up to $10.