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...
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...
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.