Although the weakness in the SPDR Gold Shares (GLD) has not inflicted much if any meaningful technical damage to the overall pattern off of the May 1 low, today's big gap down certainly argues that the current upleg is complete.

The near-term technical set-up for the S&P 500 Depository Receipts (SPY) argues in favor of an approaching recovery rally.

The price structure of the the streetTRACKS Gold Shares (GLD) is wedged in between the rising 200-day moving average, and the 50 day & 21-day moving averages.

The UltraShort FTSE/Xinhua China 25 ProShares ETF (FXP) appears to have established a near-term pullback low this Tuesday morning.

Mike Paulenoff writes that an interesting technical situation continues to develop in the Financial Select SPDR (XLF).

The QQQQ is pressing against their sharply rising 50-day moving average, which if violated and sustained, will likely trigger additional weakness.

Mike Paulenoff thinks that the Dow (DIA) might have established a significant low on Friday.

Mike Paulenoff's big picture view of the S&P 500 compared to the price action of crude oil tells him to get long the UltraShort S&P 500 ProShares ETF (SDS).

This morning's down gap and plunge of 4.25% has inflicted pain on the UltraShort Oil & Gas ETF (DUG).

The QQQQ has been carving out a high level sideways coil type of consolidation pattern.