Tuesday, January 26, 2010

Today's Market

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Prices are just below important technical levels.



Prices are below the EMAs and the shorter EMAs are moving lower. Additionally, the 10 day EMA has moved below the 20 day EMA.



Prices are at technical support. Additionally, the 10, 20 and 50 day EMAs are moving lower and the 10 day EMA has crossed below the 20 day EMA.



The QQQQs are at important technical levels. In addition, the 10 and 20 day EMAs are moving lower and the 10 day EMA has moved through the 20 day EMA.

The point of all these graphs is clear: the markets are hanging in the balance right now.