Date: March 12, 2014

Trading channels: Choppiness

Choppy all the way

SPX 5 MIN.png

$SPX: So far no major decline should be expected but the pattern is not over yet

SPX 5 MIN.png

$SPX: So far a Double ZZ should be in progress. One more down leg is needed

XLE DAILY.png

$XLE: Bearish setup