"Two Days of Nesting. What are we about to Hatch?"
2D, 10m. - Apr. 8 - Two days of range bound market consolidation. No particular momentum developed in either direction. The Long Term Trend has been Up and the Short Term Trend has been slightly down (see next chart).
10D, 30m. - Apr. 8 - Short term bear trend within a longer term bull trend. Both channels can be seen in this chart. The last two days have shown no trend in either direction.
3M. Daily - Apr. 8 - This longer term 3 month chart shows the bull trend of the last month. We are approaching Resistance at the SPY (S&P 500) 88 level. A break through that Resistance would indicate additional breathing room to the upside. Failure at that Resistance might lead to resumption of the Secular Bear Market.
.jpg){kind=small}
