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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Johnny Canuck who wrote (53824)	3/29/2021 1:13:29 AM
From: Johnny Canuck	Read Replies (1) of 69155

SP500 need to clear the recent high on this bounce or the likelihood rises of the index breaking the sideways pattern and moving down to the next major support level. Same comment on DOW and SP500. DOW transport set a new high on Friday. If it is still leading the DOW as last move it means the DOW will move to a new high soon also. Keep in mind it needs a confirmation day on Monday. DOW utilities still testing just the top of the intermediate sideways channel. Long bond rate would appear to be expected to be stable for now. COMPQ now in an intermediate sideways trend. Russell 2000 on day 2 of the bounce from he first major volume support level. Financials short term sideways for now. Energy also bouncing off first major volume support level. Gold going short sideways within an intermediate down trend. Silver in short term and intermediate sideways pattern.

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