![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRnmBUzDJlRG-ZjF3feynpcIqCMtfb3ix1ZW5fZ9YEpzxiWD64ASxkjb-MrfPNzOfyMJKtuapPnY9Jihn2sy2gv2DA98rJne_lCLcQRsJlXhfcbF3e8F7GlE17-b5UsFxUNYH098gSKUA/s400/Chart+of+SPY.gif)
A.) Prices retreated to the top upward sloping trend line on higher volume.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfgZ7fsEGJWh5HtrPmthzHARFS4TVupHEKGkuNtaPgKX40Tni_WB_Rv1CgF7y3kBT2ivnRI8GwT-5oaCOwJavYbu5dIvPNXlu4ixfNLjQe1hQV9t-U9eeBpuRyhyG5MUHM_AY0rT5ELXM/s400/Chart+of+QQQQ.gif)
A.) Prices retreated but are still within the ascending triangle pattern. Note the 10 day EMA has curved lower, but not in a fatally bad move.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOeZ1Hbd9N2LxcdWfnjWf0NWPNRmVk08C04Hs33DNjcfEBH_LpcJYHJWHTv2_KPXNC0bfBw2Q0WvBI3HCMI_m0NbvIOebI2e0XYjrlHa89urx9jLARB4vJRfBh8ez_wgIx7Gadag20kYw/s400/Chart+of+IWM.gif)
A.) Prices are resting right above technical support.
All of these charts have the same common pattern: prices have moved lower and are either at technical support or are contained within a pattern.