Sideways Consolidation Continues

 Consolidation Periods Demand Caution.  Breakouts can be in Either Direction.

SPY 30 Day. Hourly - 5/7/11 - Longer Trend is to the Upside.  Shorter Term the Direction is Sideways to Down.  Price Action is Below the 20 & 30 Day Moving Averages.  Trend Channel is UP.  Price Action is Looking for Support to go Higher.  Consolidation continues between 133 and 135.

The Bear is on a Tear

 There's a Lot to Stew About in the Market

SPY 30 Day, 90 m. - 5.5.11 - 10/30 Moving Averages form a Bear Potato to the Downside.  No Apparent Support at Hand.  Outlook is for Further Decline or Consolidation in the very short term.

Bear Move Until Proven Otherwise

 Mr. Bull and Mr. Bear in a Faceoff

SPY 3 Day, 90 m. - 5.4.11 - 10/30 Moving Average Crossover puts Price Action in Bear Territory.  This is a clear Trend Reversal Pattern.  Market from here will most likely move into Consolidation preparing for another effort to the Upside.

Transitional Bull-Bear Tug O' War

 Market Seeking Direction

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SPY 30 Day, 2 Hour - 5.3.11 - 8 Day Potato Yielding to New Bear Potato in Apparent Formation (this could fail to happen).  MACD and OBV Rolling Over to the Downside.

SPY 5 Day, 30 m - 5.3.11 - Bear Move below the 10 Day MA.  Belly Punch signals attempt to resume Bull Move.  Results are Up for Graps.

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.

Seven Days of Bull Action!

 I May be Out of Breath, but I do Have Heart!

SPY 30 Day, 2 Hour - 4.29.11 - Seven Days of Bull is a Lot to Swallow.  Can the Bulls "Keep it Up?"  Your can follow the Potatoes between the 10 & 30 Day Moving Averages (Gold & Green Lines).  The "Trend" is the Most Important Indicator of them all.

Dollar Up in Smoke - Market on Fire!

 Debt Crisis and Demise of the Dollar Dominates the Scene

SPY 30 Day 2 Hour - 4.28.11 - There are Ups and Downs in the Market, but trading with the Trend has obvious advantages.  The "Trend", in fact, is the most important tool in the investor/trader toolbox.  It is so obvious and yet frequently disregarded.

This Market is Something to Crow About!

 Let's Hope I Don't Lay an Egg!

SPY 30 Day, 2 Hour - 4,27.11 - Trends are best analyzed on the longer term.  This chart is a 30 Day chart which is actually a 6 week period of time.  The Trend is UP.  Old Resistance becomes New Support.  Pull Backs to Support are Bought at Support preparing for the Next Leg UP.

Bullish Breakout Over Resistance!

 How about that?  Knocked down that fence like it wasn't even there!

SPY 20 Day, 2 Hour - 4.26.11 - Bullish Trend is "Back on Track."  Resistance should now be New Support.  The "S" factor is Bullish.

Market at Resistance

 Resistance Looms Overhead

SPY 20 Day, 2 Hour - 4.21.11 - Large Gap Up Last Week Creates Questions on the Next Move.