Will the S&P 500 find support at these levels and move higher, or is the market prepping for a major retracement?

In this video, we take a look at the ES market and the recent pullback that we have seen in this market. If you look back at the ES long-term, you can see that this market did not have any substantial pullback since around November-December of last year which is pretty amazing. The recent sell-off has pushed us back toward support areas in the market so unless we close strongly under these levels, I do not see this a change in trend.

In this video, we take a look at Dow market and the very healthy rally that we have been seeing in this market as of late. Looking at the RSI indicator for this market, we can see when the market has been overbought and how the market has trended sideways briefly as a breather in order to allow this overbought condition to subside before it continues it trend to the upside.

In this video, we take a look at the S&P market as well as the Crude Oil Market. In the S&P market, we have seen these areas of sideways trading during this recent uptrend. What is occurring during these lateral movements is that the market is getting rid of its overbought condition. The trend has been continuing when the market moves up, is overbought, and then trades sideways until the overbought condition moves back down.

The S&P 500 is sitting at a critical level, with the possibility of dropping hard or rallying into 1400. While we wait, let's take a look and see what else is happening...

In this video, we take a look at the S&P market and how using moving averages can give us insight into the longer term trend of the market. We also will take a look at a major resistance level in the crude oil market and why traders should be cautious around that level. As well as that, we will also find an ascending triangle in crude oil and will go over what this means for the market.

The stock market indices are at major resistance points right now because of Fibonacci confluence and previous structure, What could happen here? Higher? Lower? Let's take a look.

The big news recently has been Apple's report during the closed market, it has opened high and seems to be climbing higher. Google has dropped back from its earlier gain. We also look at gold, silver, and oil today.

The indices started the day looking positive and really saw a slow down as we finished the day. Despite the "green" finish, it doesn't look very good from our perspective...

So far, the last week and a half has not been very active for the U.S. indices. We need to pay attention to the next two days of trading though because we are now right at a key level in the S&P which could determine whether we continue moving upwards or turn over. Let's also take a short term look at the gold market.