Ambiguous close

This down day was expected on wall st. today. However, the volume was still still light and the sell off wasn't as strong as I had hoped. I'm going into tomorrow NEUTRAL, I don't expect any triple digit moves (only 60% certain of that).

The last 30 min. of trading led to a sell-off that I didn't like. If we had just traded sideways to up during the last half hour, we would have bear patterns in tact for a gap lower. But that isn't what we got, instead the bear pattern played to the downside the last 30 min. usually meaning a neutral to up day tomorrow.

I do think commodities will be the laggards tomorrow. Some bearish charts are posted below:

VXX-bull flag (VXX up=markets down)


USO-bear flag