Critical Watch

The market is at a crossroad once again. After OpEx week, the major market indices are at a point where they will either resume it ascend to newer high or face a critical test of support near major moving averages. If the indices failed to hold support, it could be the start of a new down trend. While the market is under critical watch, I will continue to be on the sideline.

Here are the updated charts, click on them to view a larger image and to read the commentary.

SP500:




Nasdaq 100:




DJIA:




Russell 2000: