Support vs Over the Cliff

 Turning Point - Up or Down?

SPY 20 Day, Hourly - 9.9.11 - Technical Analysis has its Moments.  This is a Moment.  SPY price action is at support and at the same time we can see a "Lower High" from 3 Days ago.  That is Bearish to a Technician.  The Risk in this market is both to he upside and downside.  On Balance the move appears to be to the downside.

Breaking Out of the Box?

 

 "I'm Fed Up with these Bulls.  It's My Time for a Change."

The Box May Break out to the Downside - The Trend is in That Way.  On Balance Volume is in Decline.  MACD is Down.  The 50 Day Moving Average has not Held.

The Market can Sputter, but I'm Goin' to Strutter!

 

This is Mardi Gras Week, so "Who Cares?"

SPY 20 Day, 2 Hour - 3.8.11 - Range Bound Price Action Prevails.  Volatile Price Action within the Range make for Trading Inconsistencies.  Caution is the Bottom Line.  Sooner or Later there will be a Breakout and It could be Significant in Momentum.  This is a Classic Sleeping Tiger Setup as Explained in the Sidebar.

Don't Box Me In!

 

Will the Market Pop Up of Pop Down?

 

SPY 20 Day, Hourly-3.7.11- Boxed In and Range Bound.  This Pattern is Begging for a Breakout.  Take your Choice!

The Balloon Popped - Direction Uncertain

 Who Let the Air Out?

The Aerial Balloon in Suspension shown Yesterday fell as Expected and the Gap was Closed.  80% go Gaps Fill as did this one.  The Week ended with a strong Close.  The Market is still in Limbo and trying to Determine Direction.

Bernanke Speaks, The Market Leaks

 He Talked all Day - Market Down all Day

 

Speaks for Itself!

Bull Speed Ahead!

 

This is Fun!  Right?

 

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/ES (S&P) 1 Day, 512 Ticks - 2.28.11 - Gap up followed by midday pull back and rally at the close.  Bullish Outlook for Tuesday at the Open.  On Balance Volume complimented the moves.

 

SPY 10 Day, Hourly - 2.28.11 - Bounce off of Support appears to have the market moving back into the Primary Trend.

Libyian Unrest Rocks the Markets

 International Uncertainty Prevails

S&P Futures Suggest a Bounce after the Slide on Tuesday.  Caution is Prudent given the Market Sensitivities to News Events.  The Chart demonstrates the Steady Decline in Price Action complimented by the On Balance Volume indicator.  Recovery is seen headed into the Golden Zone of "Value".  This is a 6 AM Point of View on 2.23.11.

HOT AIR vs. the REAL THING

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SPY - 1.5.11 - 10 Day, Hourly - Gap Up to Start the NEW YEAR!  Is this for REAL or Does the Market Come Back Down to Earth?

I Been Hit in the Head, but I see some Possibilities!

What goes up has got to come down.

What goes straight up will not last.  Next leg could be down.

Traps and Tribulations!

The Market Action Defies Reason

3 M, Daily - When things turn bizarre, look the the 3 Month, Hourly for security and direction.
20 Day, 2 Hour - July 7 - The action today was bullish but the longer term trend in down.