Wrap-up for June...Q2...and the 1st Half of 2011

Quite a turnaround for equities in the last week of June to end the second half of the month on a more positive note than the first half...

Here's how YM, ES, NQ & TF closed on their Monthly charts...as can be seen, price ended in between support and resistance levels.

Each candle on the next 4 charts of the Major Indices represents One Yearly-Quarter...you can see how Q2 of 2011 closed today...

Dow 30:

 S&P 500:

Nasdaq Composite:

Russell 2000:

Each candle on the next 4 charts of the Major Indices represents One Year...you can see how the First Half of 2011 closed today...

Dow 30:

S&P 500:

Nasdaq Composite:

Russell 2000:

While not as bullish as the first half of 2009 and 2010, the S&P, Nasdaq and Russell are "nevertheless somewhat or modestly bullish" to put it in "Ben-speak." The Dow is on track with approximately the gains seen in the first half of 2010, technically-speaking. We'll see what July, Q3, and the second half of the year bring...and, of course, summer trading...

BTW, further to my post on Tuesday, June 28, here's how Day 3 ended today on the chartgrid below for YM, ES, NQ & TF...each candle represents 3 days (N.B. Day 1 of the next candle has begun in after-hours trading on YM, ES & NQ). Note that YM has now reached a price level where a potential right shoulder could form on a "loose/upward-sloping" H&S pattern...we'll see whether this holds as resistance or not in the coming days...this should be interesting because ES, NQ & TF have not yet reached this similar level.