Price Action at Resistance at Top of Channel Trend

 The Wall of Resistance does Have Holes - We will see!

SPY 30 Day, 90 min. - 5.27.11 - Channel Trend is Bearish.  Rally last week carries the Price Action up to Resistance.  A Breakout above Resistance could Offer Higher Prices.  On the other hand a Roll Over following Consolidation would be Compatible with Past Performance.

"A Day Late but, Not a Dollar Short!"

 "Told Ya So!"

 SPY 30 Day - 5.26.11 - Check the MACD as it confirms the Reversals.  For the past couple of days the Sideways Consolidation has been recognized as a place from which a Breakout would occur.  Direction was not foreseen, but the Breakout was anticipated.  Today it happened to the Upside.  In addition the 50 Day Moving Average was traversed to the upside so it now becomes resistance,  A new swing to the upside is anticipated from here based on Technical patterns.

SPY 10 Day, Hourly - 5.26.11 - Breakout from a Sideways Channel Consolidation Pattern of the last 4 Days.  Moving Average Crossover suggests a new Movement to the Upside that could Sustain over a Day or Two (more is always possible).  Trend Channel remains to the Downside but short term the Price Action is Up.

Watch Out if the Sleeping Tiger Wakes Up!

"I'm Just Winding Up My Spring"

 SPY 30 Day, 90 minute - 5.24.11 - Trend is Down.  Consolidation has been the Pattern the last few days.  Energy is Building for a Breakout witch could be Explosive with Acceleration.  Price Action is Below the 50 Day Moving Average.

SPY 10 Day, Hourly - 5.24.11 - Chart displays the Consolidation Channel.  Breakout could go in either Direction, but the Recent Trend has been Down.

Moving Average Crossroads

 50 Day Moving Average Offers Support - Divides the Bulls and the Bears

 SPY 3 Month, Daily - 5.19.11 - Critical point of Conflict between the Bulls and Bears.  50 Day Moving Average at Risk.  Do we get a Bounce or a Breakdown?

 SPY 30 Day, 90 min. - 5.19.11 - As the Wedge narrows the Market will make a Break one way or the other.

SPY 10 Day, Hourly - 5.19.11 - The Longer Term Trend lines are Critical and Most Important in Seeking Market Direction.  Narrow the View to a Closer Short Term View to Make Entry and Exit Decisions.  The Charts are consistent with a move to the Downside, but, the Market has a way of doing the Opposite of what is Expected.

Where Do We Go from Here?

 Ya Never Know What the Bulls Have Up Their Sleeves!

 SPY 30 Day, 90 minute - 5.17.11 - Short Term Trend Lines are Down.  The Market is Searching for Support.  This is a Critical Juncture as to a Bounce vs. Additional Breakdown.

SPY 10 Day, Hourly - 5.17.11 - A Closer View showing Trend Lines and Possible Support of Recent Market Lows.  The Question is, "Will it Hold?"

The Bear is Back!

 "Out of Hibernation and Ready for Action"

SPY 30 Day, 90 minute - 5.16.11 - Breakout to Higher levels failed.  Market Pulling Back seeking new Support.  Large Gap just below Price Action is a Vacuum looking to Close.

The Bull Broke Out!

 Is There Stamina Enough to Stay the Course?

SPY 10 Day, Hourly - 4.10.11 - The Trend Line as shown yesterday was broken.  Low volume on the breakout has been noted by other analysts which casts doubt on continuation.  The Proof though is in Performance.  The Next Resistance is the Last High.

Could the Bull be Back?

 Moving Average Crossovers are Not Bull

SPY 10 Day, Hourly - 5.9.11 - New Bull Potato in Formation.  Price Action now above the 10 & 20 Day Moving Averages.  Bullish Pattern awaits Breakout over Descending Trend Line for Confirmation.

Sideways Consolidation Continues

 Consolidation Periods Demand Caution.  Breakouts can be in Either Direction.

SPY 30 Day. Hourly - 5/7/11 - Longer Trend is to the Upside.  Shorter Term the Direction is Sideways to Down.  Price Action is Below the 20 & 30 Day Moving Averages.  Trend Channel is UP.  Price Action is Looking for Support to go Higher.  Consolidation continues between 133 and 135.

The Bear is on a Tear

 There's a Lot to Stew About in the Market

SPY 30 Day, 90 m. - 5.5.11 - 10/30 Moving Averages form a Bear Potato to the Downside.  No Apparent Support at Hand.  Outlook is for Further Decline or Consolidation in the very short term.

Bear Move Until Proven Otherwise

 Mr. Bull and Mr. Bear in a Faceoff

SPY 3 Day, 90 m. - 5.4.11 - 10/30 Moving Average Crossover puts Price Action in Bear Territory.  This is a clear Trend Reversal Pattern.  Market from here will most likely move into Consolidation preparing for another effort to the Upside.

Transitional Bull-Bear Tug O' War

 Market Seeking Direction

 (Click Images to Enlarge)

SPY 30 Day, 2 Hour - 5.3.11 - 8 Day Potato Yielding to New Bear Potato in Apparent Formation (this could fail to happen).  MACD and OBV Rolling Over to the Downside.

SPY 5 Day, 30 m - 5.3.11 - Bear Move below the 10 Day MA.  Belly Punch signals attempt to resume Bull Move.  Results are Up for Graps.

A Bit Tiipsy at the Top

 

 Possible Turning Point in Market Direction

 

(Click Image to Enlarge)

SPY 30 Day, 2 Hour - 5.2.11 - 10 Day MA Break as Market Closes at a Low for the Day.  MACD Rolling Over and OBV Dips.  No Certainty, but these are Signs of Fatigue at the Top.

Seven Days of Bull Action!

 I May be Out of Breath, but I do Have Heart!

SPY 30 Day, 2 Hour - 4.29.11 - Seven Days of Bull is a Lot to Swallow.  Can the Bulls "Keep it Up?"  Your can follow the Potatoes between the 10 & 30 Day Moving Averages (Gold & Green Lines).  The "Trend" is the Most Important Indicator of them all.