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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.100.0%Jan 23 4:00 PM EST

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To: Johnny Canuck who wrote (50782)4/10/2014 1:44:28 AM
From: Johnny Canuck2 Recommendations

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dealmakr
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Many of the indices are in a sideways consolidation pattern. Company earnings will provide data points that will set the direction for the next few months as we enter the summer doldrum period.

Despite all the volatility the SP500 has only entered a sideways channel with the bottom around the 50 day SMA. break of the channel would generate a sell signal.



Similar sideways pattern on the DOW.



DOW transports also in a neutral sideways pattern. Traders waiting for earnings season to set a direction.



COMPQ still on a sell signal.



Russell 2000 also in a wide sideways a pattern.



Agriculture index looking to attempt to set a new high soon.



Neutral sideways pattern on the financial index.



Energy still on a buy signal.



Gold again indicating a long term trend change to the upside.



Natural gas still in a sideways pattern at the strong volume by price support level.

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