Short Term Rally or Head Fake?

U.S. Markets opened this morning at the critical support level identified in the early morning chart posted here.

That level held and the market put in an intra-day recovery rally. Is this the beginning of the short term “bounce” ? Too soon to say as today’s close on the S&P 500 E-mini futures closed right up against a short term trend line resistance level.

We will need to see a move (with supporting volume) above the trend line shown in the chart below in order to build confidence that the market is attempting a short term rally. However, the problem here is that while a short term rally might be in the making,

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Chart Updates – Nasdaq, SOX, NYSE, Russell, and More

No time for video tonight.. Charts will have to do

(click images for larger view)

NASDAQ 100

nasdaq 100 NDX chart

 

Semiconductor Index (SOX)

semiconductor SOX chart

 

10 Year Yield (TNX)

10 year yield chart

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Charts and More Charts

Everything is right up against a wall

dji 300x248 Charts and More Charts

Dow Jones Industrial Average Chart

ndx 300x248 Charts and More Charts

Nasdaq 100 Index Chart

nya 300x248 Charts and More Charts

NYSE Chart

rut 300x248 Charts and More Charts

Russell 2K Chart

qqqq 300x248 Charts and More Charts

QQQQ Chart

xlf 300x248 Charts and More Charts

XLF Chart

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Stress Test Friday’s Charts

S&P 500 Futures Chart 1

S&P 500 Futures Chart 1

S&P 500 Futures Chart 2

S&P 500 Futures Chart 2

10 Year Yield (TNX) Chart

10 Year Yield (TNX) Chart

S&P 500 Futures – 12:00pm Chart Update

Two charts, hourly and a 5 minute scale of the S&P 500 Futures

S&P 500 Futures - 5 Minute Scale

S&P 500 Futures - 5 Minute Scale

S&P 500 Futures - Hourly Chart

S&P 500 Futures - Hourly Chart