Technical analysis - triangle pattern.

Broad US indices are shaping neutral technical pattern which should end up this week. Friday's late buying power formed 5 point with higher volume hammer.

This week brings key economic data which in my view reveal direction for shares from mid term perspective. I'll be mainly watching PPI, GDP, home sales statistics and consumer confidence.

Not so many influential earning reports are scheduled. The most interesting could be Home Depot (HD), Blackstone (BX) or AIG (AIG). However this week I see main power for movement in economic data.


Related tickers: (QQQQ), (SPY), (DIA)