Path of least resistance: IWM is above its 50-day moving average, and near new highs, so the path of least resistance is up. However, it has traded sideways for the last month.
Major Price Points: $83-$83.20 is a new high. The $80-80.50 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: A down trendline should provide resistance at the $81.75 area.


Path of least resistance: Up, SPY is at new highs.
Major Price Points: $151.60 is a new high. SPY continues to be supported at $150.
Minor Price Points: The $148 area offered some support in April and May. The 50-day moving average is way down below $145.
Worth noting: SPY closed at a new high yesterday. The market continues to be bought on any dips, as IWM bounced strongly off of its 50-day moving average. The Russell 2000 still lags the other indices.
General Sentiment: The trend is up.

Path of least resistance: IWM is above its 50-day moving average, and near new highs, so the path of least resistance is up. However, it has traded sideways for the last month and closed down yesterday with very large volume.
Major Price Points: $83-$83.20 is a new high. The $80-80.50 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: A down trendline should provide resistance at the $81.75-82 area.


Path of least resistance: Up, although SPY broke an up trendline recently with volume.
Major Price Points: $151.50 is a new high. SPY continues to be supported at $150.
Minor Price Points: The $148 area offered some support in April and May. The 50-day moving average is way down below $145.
Worth noting: SPY broke its up trendline with heavy volume a couple days ago, which is a sign of weakness. Yesterday SPY touched a new high before reversing with heavy volume to close near its low. The market continues to be bought on any dips, but is also resisting new highs. The Russell 2000 still lags the other indices.
General Sentiment: The trend is up.

Path of least resistance: Up. The IWM continues to bounce back from any dips.
Major Price Points: $83-$83.20 is a new high - I’m watching this area closely. The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: A couple trendlines should give support at around $81.5.


Path of least resistance: Up, although SPY broke its up trendline today with volume.
Major Price Points: $151.50 is a new high. SPY continues to be purchased under $150.
Minor Price Points: The $148 area offered some support in April and May. The 50-day moving average is way down below $145.
Worth noting: SPY broke its up trendline with heavy volume today, which is a sign of weakness. But the indices bounced back on Friday. The market continues to be bought on any dips, which shows strength. The Russell 2000 still lags the other indices.
General Sentiment: The trend is up.

Path of least resistance: It is above its 50-day moving average, so the path of least resistance is probably up, but it is hard to tell because IWM has traded sideways for the last month and recently broke some up trendlines. It may be more accurate to say that the path of least resistance is neither up or down.
Major Price Points: $83-$83.20 is a new high. The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: A very weak trendline (only two points) could possibly give support at around $81.25.


Path of least resistance: Up, although SPY broke its up trendline today with volume.
Major Price Points: $151.50 is a new high.
Minor Price Points: The $148 area offered some support in April and May. The 50-day moving average is way down below $145.
Worth noting: SPY broke its up trendline with heavy volume today, which is a sign of weakness. I expect this weakness to continue until it doesn’t. The Russell 2000 lags the other indices.
General Sentiment: The trend is up, but it is better to be cautious after today.

Path of least resistance: Up. IWM made a new high today.
Major Price Points: $83-$83.20 is a new high - watch this area closely. The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: $82-$82.50 should be support from a couple different up trend lines from the last two weeks. IWM continues to be bought under $82 and sold over $83 - which will give first?


Path of least resistance: Up. The SPY is on fire and is at new highs.
Major Price Points: A long up trendline would break with trading below around $150.
Minor Price Points: (none)
Worth noting: The Russell 2000 lags the other indices. The SPY continues strongly above its up trendline to new highs. Today the Fed chopped the market around at 2:15. It messed up the IWM number $83 a bit, but the area is still worth watching.
General Sentiment: The trend is up and the market is strong.

Path of least resistance: Up. IWM bounced off of its 50-day moving average with volume and is right at new highs.
Major Price Points: $83 is a new high - watch this number closely. The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: $81.75 should be support from a six-day up trend. IWM continues to be bought under $82.


Path of least resistance: Up. The SPY is on fire and is at new highs.
Major Price Points: A long up trendline would break with trading below around $149.50.
Minor Price Points: Previous resistance of the round number $150 would probably offer some support.
Worth noting: The Russell 2000 lags the other indices. The SPY continues strongly above its up trendline to new highs. Today the market gapped down, but continues to be pushed up at each dip. I have to go to NYC tomorrow, but it will be interesting to see what the Fed meeting does to the charts.
General Sentiment: The trend is up and the market is strong.

Path of least resistance: Up. IWM bounced off of its 50-day moving average with volume and is right at new highs.
Major Price Points: $83 is a new high - watch this number closely. The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: $82 seems to be some support as it bounced back many times from this number in the last ten days.


Path of least resistance: Up. The SPY is on fire and is at new highs.
Major Price Points: A long up trendline would break with trading below around $149.25.
Minor Price Points: Previous resistance of the round number $150 would probably offer some support.
Worth noting: The Russell 2000 lags the other indices. The SPY continues strongly above its up trendline to new highs. Today was a very low volume and choppy, pointless day. I will be watching $83 closely on IWM and looking for volume.
General Sentiment: The trend is up and the market is strong.

Path of least resistance: Up. IWM bounced off of its 50-day moving average with volume and is right at new highs.
Major Price Points: $83 is a new high. The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish.
Minor Price Points: $82 seems to be some support as it bounced back many times from this number in the last ten days.


Path of least resistance: Up. The SPY is on fire and is at new highs.
Major Price Points: A long up trendline would break with trading below $149.
Minor Price Points: Previous resistance of the round number $150 would probably offer some support.
Worth noting: The Russell 2000 lags the other indices. The SPY continues strongly above its up trendline to new highs. I will be watching $83 closely on IWM and looking for volume.
General Sentiment: The trend is up and the market is strong.

Path of least resistance: Up. IWM bounced off of its 50-day moving average with volume.
Major Price Points: The $80 area is support from the 50-day moving average and the April 11th,12th and May 1st lows. A break below this would be bearish. $83 is a new high.
Minor Price Points: $80.75 is support from the new, weaker trendline.


Path of least resistance: Up. The SPY is on fire and is at new highs.
Major Price Points: A long up trendline would break with trading below $148.50-149.
Minor Price Points: (none)
Worth noting: The Russell 2000 lags the other indices. The SPY broke over resistance at $150 yesterday to new highs, although it wasn’t a very impressive move.
General Sentiment: The trend is up and the market is strong.

Path of least resistance: Up. IWM bounced off of its 50-day moving average with volume and continued up strongly today.
Major Price Points: The $80-$80.25 area is support from the 50-day moving average and the April 11th,12th and May 1st lows, as well as a new up trend line. A break below this would be bearish. $83 is a new high.
Minor Price Points: (none)


Path of least resistance: Up. The SPY is on fire and is at new highs.
Major Price Points: The $150 area is new high territory. A long up trendline would break with trading below $148.
Minor Price Points: (none)
Worth noting: The Russell 2000 lags the other indices. It will be interesting to see which line breaks first for the SPY, as they are converging to a point. I do not plan to trade the ES unless it is at one of these lines. The move up today was on lighter volume.
General Sentiment: The trend is up and the market is strong.