"Soup Surprise"
SPY 2 Year, Weekly - 7.8.11 - Bullish Potato with Price Action above the 20 Day Moving Average. If market falls below 132.50 in enters the 20/50 envelope, sentiment may be changing to the downside. Otherwise the Action is Bullish to Sideways.
SPY 6 Months, Daily - 7.8.11 - Price Action the last several days was very volatile with multiple gaps. Gaps most often fill so this leaves a lot of possibilities for the coming week. Aside from technical analysis, the market is very news sensitive.
SPY 10 Day, Hourly - 7.6.11 - The 10 Day chart shows the Range Bound market of the last five days. On the Hourly the Price Action is within the Transitional Zone "Devil's Den". I call it that because it is fraught with danger to take a position in this zone. The Market is Not Committed to a Trending Direction.