Officially, we still have a pattern of lower highs and lower lows for the major indexes, but the ranges are so large that it is difficult to keep a long or short bias for more than a week or so at a time. Even a week is seeming longer term in this market as the intraday volatility has been quite explosive. The video below looks at trends and key levelss in $SPY $QQQ $IWM $XLF $SMH $IYR