Both the Russell 2000 and the SPYs are consolidating in a triangle pattern at/near/around the 200 day EMA. All the shorter EMAs are moving higher. Also note the 200 day EMA is now moving sideways rather than down. For the IWMs, we have resistance and support at the 77 and 71 area respectively; with the SPYs, the numbers are 129 and 122.
The QQQs have a rising bottom, but there are two possible tops. Either way, we still have prices consolidating. The shorter EMAs (10 and 20) are moving sideways) but the longer EMAs are moving higher.
The equity markets are waiting for some type of confirmation -- one way or the other -- about the macro economic situation. The news over the last few months has been very contradictory in nature, hence the trading range.
Like the equity markets, the treasury markets are also consolidating, waiting for something the happen. However, here we have prices consolidating above the shorter EMAs after a "safety bounce;" the treasury market caught a bid after Greece announced they would put the austerity measures to a public vote. Since the EU situation has calmed down a bit (again), prices have moved sideways. For both charts, I'd place support at the 50 day EMA.
