"I think the Fed would be perfectly happy with a market that trended sideways to modestly up".
Similarly, Exxon's stochastics are trending sideways at extraordinarily low levels, preceding a potential reversal in the trend.
But Chevron's technicals are not as bullish because the stock has been trending sideways for the most part over the past two months.
Sturm thinks gold, now $619 per troy ounce, is likely to trend sideways for a couple years before mounting a climb toward $1,000 an ounce.
DO has trended sideways between support near the $58 level and resistance in the $68 region, but the past week's worth of poor economic data could be enough to finally push DO through the bottom rail of this trading range.
An, while the stock did eventually hit bottom in November 2008, the chilling effect of the recession has held the equity in check for the ensuing months, with AAPL trending sideways between support at the $80 level and resistance near the century mark.
For their conclusions, they added together all the up, down and sideways trends to give a national snapshot, saying that 83percentt of trend lines showed gains, while 15percentt showed declines.
On the upside, the S.& P. 500 could go as high as 1,540 to 1,550 and the Nasdaq composite could go back to 4,000 or 4,100 and still not change the sideways trend.
Considering the equity is still in its sideways trend, options players may want to consider a longer-term option.
One concern for PEP is that since starting its sideways trend, the equity has created a series of lower highs, a sign that its strength is waning.
