The ProShares UltraShort QQQQ (QID) has climbed 16% off of its July 19 low, but does not look complete on the upside yet.

The big question now is whether or not the S&P UltraShort ETF (SDS) has started a new upleg, which if true could mean that prices rocket to new recovery highs that project next to 58.

The price structure in gold has gyrated into the nose of a year-long coil pattern.

Today's nearly $2 upmove in the US Oil Fund (USO) and crude oil futures comes right off of the sharply rising 20-day moving average.

The ease with which the QQQQ recovered half of today's early loss is one clue that the bulls are not dead yet.

Based on the intraday pattern, the S&P 500 Depository Receipts (SPY) looks like it ended the recovery rally off of Friday's low.

Mike Paulenoff thinks the signs point to further weakness to start next week.

Today's weakness in the Financial Select Sector SPDR (XLF) has pressed the financial ETF below all of Mike Paulenoff's relevant moving averages, which he considers to be a sign of impending decline.

The GLD has been much less volatile, and thus exhibited considerable relative strength compared to the USO.

The Internet HLDRs ETF (HHH) opened lower, but has climbed into positive territory at a new recovery rally high.