2014/01/21 S&P 500 and Russel 2000 consolidating with daily-squeeze and 4hour-squeeze patterns - expect a larger move ! (ES, SPY, SPX, RUT, IWM)

 S&P 500

Russel 2000

Two important indices, the S&P 500 and the Russel 2000 are consolidating with daily- and 4-hour squeeze patterns (the Russel even features a 30-min squeeze, too). When squeezed too hard, these "babies" like to escape from their cages, and they tend to do this at an accelerated pace that might last for a few days. While the direction of this move is still unclear, the momentum indicators on the 4-hour charts hint for higher levels of those indices. The 30-min squeeze of the Russel 2000 could be used as a trigger, when it fires long or short.