Back at the Top of the Range - What Next?

 Will the Fence be Broken to the Upside?

"This is an Action Related Blog designed for my personal use and reflection on the market and how I can best navigate all the variables.  Questions and reactions are welcome, but these are ideas should never be construed as recommendations to others for market participation."

 SPY 2 Year Weekly - 6.28.11 - The Bounce could be a Bottom?

 SPY 3 Month, Daily - 6.28.11 - Pulling on the Bootstraps.  Looking for Momentum

SPY 20 Day, Hourly - 6.28.11 - Range Bound Market at the Potential Breakout Point - Resistance could set the market back into the Range.

Range Bound Breakout versus Trend Extension Down?

 Goes from Bad to Worse for Me!

 SPY 2 Year, Weekly - 6.24.11 - Is Eight Weeks of Down Overdone or Just the Beginning?

 SPY 3 Month, Daily - 6.24.11 - Range Bound in Short Term - Begging for a Breakout (Watch for a Fake Out before the Breakout).

SPY 20 Day, Hourly - 6.14.11 - Weekly Trend in First Chart is Interesting.  It Point Down.  Short Term we are Range Bound.  Do we get a Breakout?  A Significant Breakout could Stimulate Acceleration.

Back in the Box with Fed Pessimism

 Gloomy Forecast Announcement on Economy Sinks Rally

 

(Click on Images to Enlarge)

<>

 SPY 2 Year Weekly - 6.22.11 - Seven Week Decline Seeking Support in the Box

 SPY 3 Month, Daily - 6.22.11 - Back into Consolidation

SPY 20 Day, Hourly - 6.22.11 - Fed Kills Rally.  General Market Returns to Sideways Consolidation Seeking Support in the "Box."

Large Move Deserves Time to Consolidate

 Just in Case!

 SPY 20 Day, Weekly - 6.21.11 - Weekly "Not out of the woods."

 SPY 3 Month, Daily - 6.21.11 - Gap Up may need time to Digest.

SPY 20 Day, 60 min. - 6.21.11 - Green Spot represents 2-3 Day Goal.  The Market could get some Sideways Consolidation Action first.

Box Breakout Looming

 Popping Up with Optimism!

 SPY 2 Year, Weekly - 6.20.11 - Dead Center in the Neutral Zone.  Note Support Line and Bottoming Action.

 3 Month, Daily - 6.20.11 - Sideways Bottoming Action (Consolidation) - Preparing for a Spring (Breakout) to the Upside.

10 Day, Hourly - 6.20.11 - Straining at the Bit to Breakout.  Volume has been Weak which is a Negative for Momentum and Staying Power.

"The Homeless Bull" Looks for Better Times Ahead!

"Homeless" - I Use to be a Bull - Gimme a Break!

 SPY 2 Year, Weekly - 6.17.11 - The Week finished on an Up Note but the Weekly Trend has been Down.  Can we get a Bounce? 

 SPY 3 Month, Daily - 6.17.11 - Up Tick on Friday does Offer Hope.  Trend is Down until proven Otherwise.

SPY 20 Day, Hourly - 6.19.11 - Last Week showed some Improvement to the Upside.  Price Action is inside the Neutral Zone or "Devil's Den".  Trading in the Devil's Den is Iffy at Best.  This is a Zone of Uncertainty and Lack of Direction.

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.