Profunds index and sector trading

[was Steve]

Looks like a sell signal on the RSI 5 program would go into effect at todays close assuming markets hold most of the gains so far.

crazy day once again. I saw that the next round of stimulus was stifled on saturday and figured since we came down hard last week when they mentioned it, that we would be up strong today. I wake up and futes up decent. I get to work and a sea of red then a bottom put in at 10 am during my nap, waking to see a much greener pasture.

dont know if it was a shakeout move before running this for a few days or what. indexes have hit or surpassed the area where i thought any bounce would be contained if we were still pointed down (895 spx and 1435 ndx). that makes me think there is something more bullish underfoot. lots of day left. things have come pretty far pretty fast today so wouldnt be surprised to see highs in for day and sideways to down for most of rest of day with a rise into the close over last half hour/hour.