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.

Bounce Off Support - Can It Last?

 Market Volatility at Point of Support

SPY 20 Day, Hourly - 9.6.11 - PPS Buy Signal near Support - Max Pain Point at 124 - MACD and OBV on the Rise - Can Move be Sustained?

Bulls are Hanging On

 Who's in Control Here?

 SPY 20 Day, Hourly - 8.22.11 - Momentum is Down

SPY 20 Day, Hourly - 8.22.11 - John Carter Indicators Suggest Bearish Trend

VIX/SPY Divergence Chart - 8.22.11 - Trend is Bearish

Volatilty has Become the Norm!

 Hang in There for the Ride - Buckle the Seat Belts

 SPY 8.11.11 - 20 Day, Hourly - Seeking Support while Reaching for the Trend Line - Consolidation may Take Some Time before the Next Major Move

VIX/SPY Divergence Chart - 8.11.11 - Note the Divergence of On Balance Volume (White Line) moving in opposition to price action.  This suggest weakness in the move to the upside (but then there is the weekend to consider).

A Bit Tiipsy at the Top

 

 Possible Turning Point in Market Direction

 

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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.

Trends are Trends and Patience Pays Off

Trends Do Not Move All in One Day - Take a Step at a Time

SPY 20 Day, 2 Hour - 1.25.11 - Solid Trend Up!  But, Not All at One Time.

Patience!

It Takes Time to Catch a Fish!

SPY 3 Monrh, Daily - 12.7.10 - Breakout Deserves a Rest.

SPY 3 Month, Daily - 12.7.10 - Take a Look at the Bigger Picture.  One Day Does Not Make a Trend.  Technicals Remain Bullish.

Situation Status Quo!

The Table is Open;  Take Your Choice!

SPY 3 Month, Daily - 11.29.10 - The Market is Range Bound in a narrow band on the SPY between 118.00 and 120.00.  Today the Price Action was contained in that Range.  The Market remains between the 20 and 50 Day Moving Averages which suggest lack of directional conviction.  The longer term trend is UP.  The odds are in that direction, but that is not a certainty.  Continue to watch for a breakout above 120 or below 118.  There is no divergence or difference in opinion expressed by On Balance Volume.  Volatility remains high so always expect the unexpected.

"Have Questions? Call the Fed! Help is on the Way."

I'm from the Government and I'm here to help. Call for a "stimulating" consultation!

10 Day, 60 min. - Aug. 14 - Sideways Range Bound Channel over the last 2 weeks. Longer range the trend is up. Short term there is a good possibility of a correction.
3 M, Daily - Aug. 14 - Bullish Trend leads into a Range Bound Sideways Market.

Has the Market Got Your Goat?

Markets go Up and Markets go Down.  Take your pick!

2D, 5m. - May 15 - Beautiful day with Trend to the downside.  A great trade occurred when the price action bumped against the top of the channel.  This was an ideal place to enter a Put.
5D, 30m. - May 15 - Have a plan and stick to it.  Do not deviate.  Discipline is number one!
20Day, 2 Hour - May 15 - The Trend is Our Friend.  Trust it!

"The Market is Trying Hard to Gain Traction"

2D, 5m. - Mar. 13 - Friday was a consolidation day (Gold Spot) required to absorb a solid week of market gain.  All price action remains above the 10D MA and the 4 Day Bull Potato is preserved going into the weekend.
5D, 30m. - Mar. 13 - Channel outlines the bullish move of the past week with two similar days of pause and consolidation.  The Bull Potato is well preserved with all action above the 10D MA.
20D, 60m. - Mar. 13 - Major Trend Reversal is seen with the Tangential Channels showing a new move to the upside.  The projection of the channel can function as a "Windsock" indicating where the market might go next week.  Of course changes in market direction may occur at any time.
3M, Daily - Mar. 13 - Longer Term Charts must always be kept in mind.  The change in direction is clear on this 3 Month chart and with each day there is greater crossover potential as the market moves in the upward direction.

No Safe Place to Land!

There is no clear support level for this market at this time.  It is just a guessing game to figure out where the carnage will stop.  It is very important in a market like this to keep multiple time frames in mind.  The market is the market and the charts will tell you where we have been and act as a "windsock" suggesting where it might go.
2D, 5m. - Mar. 9 - Today was an "Inside Day".  It started with a Gap Up but then retreated into a slow erosion for the rest of the session.  Friday's lows were not broken so there is hope that tomorrow will show some traction to the upside.
5D, 30m. - Mar. 9 - Market closed below all moving averages.  There was no real threat to the Bear Potato which has now lasted for 19 days.  A record in the lifetime of Potato Peelings.
10D, 60m. - Mar. 9 - Hourly chart simple reconfirms the continuation of the Bear Potato.  As in the 30 minute chart the close is below all significant moving averages.
3M, Daily - Mar. 9 - This longer time frame chart shows the continued down trend that has prevailed for 6 months.  The trend downward has actually accelerated in the last 5 sessions.

Predictions by experts as to where the DOW will go range from 6000 > 3000.  Take your pick.