Market at a Breaking Point-UP or Down?

 SPY 2 Year, Weekly - 6.16.11 - The Weekly Trend has been down for 7 Weeks.  The Risk is to the Downside.  The Market is Very Oversold and Primed for a Bounce.  The Outcome is Uncertain.

 3 Month Chart shows Downward Trend with some Acceleration.

10 Day, Hourly Chart shows Downward Trend but at Lower Levels near Support.  The Two most recent Bullish Moves fizzled on low volume.  A Breakout to the Upside would call for 129.5 on Good Volume and have the Price hold above the Trend Line.

The Bear Looking to Do More Damage - Will the Bulls Belly Up to the Bar?

If I Get My Way My Gang'l Bust this Thing Open!

 SPY 2 Year, Weekly - 6.15.11 - Lot's of Room to Move Down Some More.  Green Spot Marks Bear Target.

 SPY 3 Month Daily - 6.15.11 - Trend is Down, Bumping on Support

SPY 10 Day, Hourly - 6.15.11 - Price Action Drops Below 10/30 Moving Average Envelope (Potato).  Sideways to Down Would be Expected from Here.

Retesting Resistant Highs-Trial Balloon?

SPY 10 Day, Hourly - 6.14.11 - Gap Up to Resistance.  Price Action could not Top Prior High  and Backed Off.  This could be a Failed Breakout from Consolidation as did happen Last Week.  Wednesday could see a retest of the Highs and Lows of the Range.

Seven Weeks of Down?

 Click Images to Enlarge

 2 Year - Down

 3 Month - Down

10 Day - Down

The Downward Momentum is so Obvious it makes a Contrary Move to the Upside Possible.  The Market is the Market.

Jailbreak Failed

 2 Year Weekly - Down

 10 Day Hourly - Weak Bull Potato

5 Day, 15 min. - 6.9.11 - Rollover into the Close Disappoints the Bulls

6 Days Dowm and Where Do We Go from Here?

 Traders Toolbox - Plenty to Choose From - Just be Selective

 SPY 2 Year Weekly - 6.8.11 - Six Weeks of Pull Back with No Brakes so far.

SPY 20 Day, Hourly - 6.8.11 - Six Days Down and No Brakes as yet.  That's right.  Six Weeks Down compounded by Six Days Down.  That could be called Doubling Down.  At any rate it is beginning to stretch statistical probabilities.

Hold Your Breath! Market at Break Point.

 Dramatic Market Moment!

 SPY 1 Year Weekly - 6 .7.11 - Price Action is in the 6th. Week of Downward Movement.  Bias is Down.  Moving Average Crossover is Pending if the Move Continues.

 SPY 20 Day, 2 Hour - 6.7.11 - Bias is Down.  Price Action continues below the 10 Day Moving Average. 

SPY 5 Day, Hourly - 6.7.11 - Weak close following Bernanke's Remarks.  Bear Potato Prevails.

Could be Too Much of a Good Thing for us Bears?

 A Little Caution Here Might be Appropriate

 SPY 2 Year Weekly - 6.6.11 - Five Weeks of Progressively Lower Closes on the Weekly.  There was a Bearish Engulfing Pattern last week.

SPY 10 Day, Hourly - 6.6.11 - Several Days of Down Might Call for a Bounce.  There could be some Short Covering which would add to an Upswing.  It Could be Short Lived.  Note how the On Balance Volume has Confirmed the Market Move.

The Bear has Ruled the Market of Late - But, For How Long?

 "I Don't Plan to Quit."

 SPY 2 Year, Weekly - 6.4.11 - Bearish Engulfing Pattern on Last Candlestick can be of Significance.  This is a Classic Bearish Signal.

 SPY 3 Month, Daily - 6.3.11 - Trend is in Decline.  The Market is Searching for Support.

 SPY 10 Day, Hourly - 6.3.11 - Price Action is Below the 10, 20, & 50 Day Moving Averages.  A Strong Bear Potato Dominates the Picture as We Head into Monday.  The Bias is Down but the Bulls can Never be Counted Out.

Sleeping Tiger in the Making (Consolidation)

 I Gotta Get My Rest to be Ready for the Sprint

 SPY 3 Day, 90 min. - 6.2.11 - Channel Trend is Down Short Term.  Price Action is in Consolidation Phase (Sideways).  Note the Horizontal Range Lines.  A Breakout will go One Way or the Other. 

SPY 2 Day, 15 min. - 6.2.11 - Sideways Consolidation between the Horizontal Lines.  Looking for a Breakout which will Happen at some Point.  Bias is Down as Price Action is Below the 50 Day MA.