May 31, 2011
 May 27, 2011

Bulls back in control; S&P Futures key levels 1333.25 1319.75 ▲

Right at trend line of down slopping lower highs from May 2.

 May 26, 2011
 May 25, 2011

Springing back from overnight selloff; S&P Futures key levels 1319.75 1306.25 ▼

1300 is looming out there as a key support zone after the overnight move to 1302.25.

 May 24, 2011

Coming back into range; S&P Futures key levels 1321.75 1308.25 ▼

Lower lows and lower highs to these moves. Haven't seen any capitulation yet.

 May 23, 2011

Are we finally going to show a direction for more than 2 days; S&P Futures key levels 1335.5 1322 ▼

Are we compressing the spring for sharp summer rally? Or is this selling the beginning of the 'double dip'. Continue to play the technicals and we should be alright.

 May 20, 2011

Bulls losing control; S&P Futures key levels 1348.5 1335 ▲

Market can't seem to break one way or another.

 May 19, 2011

Bulls retaking control; S&P Futures key levels 1345.25 1331.75 ▲

This most recent sell off never gained traction.

 May 18, 2011

Can't keep this market down;S&P Futures key levels 1332 1318.75 ▼

If the daily chart holds this swing low for a couple days, should be major bottom heading to new swing highs. Climax sell offs are usually a bit stronger though. Have only broken one significant level and bounced right back from there.

 May 17, 2011

1325 Breaks;S&P Futures key levels 1332 1318.75 ▼

Now to see if we are upside from that level or we come barreling back? Debt problems everywhere not helpful.