The Market seems to be in an indecisive state during the close of the last day of the week. All 3 Indices formed a small doji in a pretty small trading range.










The SPY has done a very great job holding strong on the 138 support level.
However, it really needs a more stronger move if we were to witness a major uptrend.
Price needs to break above the 142 resistance level next week. If it can't manage to achieve that, and pullback on the 142 level, then the Head and Shoulder pattern will be pretty obvious. This is a very bearish sign having it on the top of the chart.








The Nasdaq on the other hand, has indeed helped the other 2 indices in holding strong in their supports. 4 consecutive up days in the past has pulled the other markets up, preventing them from a catastrofic breakdown.
However, the NASDAQ is currently in a trading range of 48-50.
With the Doji forming right at the immediate resistance at the range, I wouldn't be surprise to see a pullback next week despite all the good earnings recently reported by the tech sectors.








GOLD has recently returned to it's original down trend with it's pullback on the Bearish Engulfing that occured right on the Resistance trend line.
Notice the 2 pink lines? Pretty obvious, the Ascending Triangle is slowly forming.
Before there is any breakout, I will expect to see the GOLD trading between the range of 880-930 in the near future.










OIL finally made some pullback, which undoubtedly is one of the main factor why the market has performed quite well in the previous week.
However, the hammer which just formed last Friday right on the immediate support right around 126/127 will be the thing to watch out for.
I wouldn't bet against the trend and bet on SHORTING the OIL right now, but that is something that I will be looking closely into, and it the OIL really did break below the support at 126/127, then I believe, the market will go into a serious uptrend.











The USD index finally managed to bounce back into it's original trading range of 72.5-74.0
Expect to see the USD to trade within the Yellow Box range in the next week, unless there is an obvious weakness shown in the Crude Oil.







Summary
Overall, I still maintain my bullishness on the U.S. market.
Oil has been dropping, Gold has been dropping,
The USD has managed to get back on track.
Tech stocks (QQQQ) has been the main performing sector recently.
The only thing to really watch out for is the SPY and OIL.
I will focus on Tech Stock in the next week, and might still look for some Oil counters to trade on.