Preface to all eight parts: The stock market from Jan. 4 through Feb. 24 was like an action movie. The market from late Feb. 24 through Mar. 25 was like watching the end credits roll. Perhaps we’ll see another sea change soon, but regardless, I have grouped together a few similar ETFs and have put remarks in the caption area.
The "diamonds" (based on the Dow 30) SPDR® Dow Jones Industrial Average ETF Trust (NYSE:DIA) isn’t a clean top but has a nice series of lower highs.
The small caps, however, is as clear as can be. The ranges are very well defined, and the bulls or bears can claim victory when the price finally breaks out of its present range.
The iShares S&P 100 ETF (NYSE:OEF) fund, like the SPDR® S&P 500 (NYSE:SPY), isn’t especially clean, but at least lower highs are in place.
The horizontal in blue is an important Fibonacci level, which is where the market found solid support.
The Industrial Select Sector SPDR® Fund (NYSE:XLI) has one of the cleaner tops out of any of these.