I want to stick to my guns and say: this market will NOTmake new highs

Markets are being propped up! Watch this resistance.

$117.60 is good support on SPY

Is THE top in?

We've had a nice run, but I suspect bearish behavior.

GS gets charged with fraud; markets get smacked!

Next level of support is the blue trendline. 60-min.

GS breaks a major trendline but is coming into some support.

1 has to ask: "When will this economy show its teeth?" The markets are extremely bullish and charts way too extended.

A top is being formed; the end could be near.

SPY $120.95-$121.10 is HEAVY resistance. This could be THE top.

Selling off in the final hour is a real possibility.

$119.94 on the SPY is a lot of resistance. It would be interesting to see if we could push into it, but I think a hard sell-off is coming in the final hour. WATCH IT!

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Market leaders: XOM, FCX, GS

XOM has been trading in a channel. A breakdown is likely.

FCX is also trading in a channel, but it has a bullish pattern in development. The target-would be the upper band of the channel.

GS has a bullish pattern in development. Target is $184.

SPY

The high of the day could be in @ $119.96. My SPY $120 level is reached.

Get ready to short. $119.25

GLD is ready to make some moves

It pays to know your levels

The 2 most important lines of support and resistance are below. Yesterday's high is also very good resistance.

60-min. SPY:

SPY $120 is coming.

Expect it

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Markets are holding on by a thread

Another close below $117.45?

This last support must hold otherwise it's $116.60 then as low as $116.

Something BIG is happening....HUGE!

-SPY Elliot Wave count: is this bull run coming to an end?


-The UUP upside target was reached last Thursday and since then it has fallen dramatically. It is now coming into channel support. IF it breaks the daily 50-MA watch for this to happen:


-USO has been on a tear, but will it manage to close above $41.20 on a weekly basis? $41.20 has been extreme resistance. Tomorrow is "Good Friday."


-Potential inverse H&S developing on GLD. Upside target will be old support.