The FTSE 250 LSE ETF (MIDD) is showing clear signs of tiring in the third day of its rally. Proximity to resistance gives a handy short entry stop and plenty of downside. Prevailing wind of 2-month decline helps. Liking 635-642 for a downside target.img src="http://feeds.feedburner.com/~r/Delicious/zignalscharts/~4/p55Ksap0dt4" height="1" width="1"/

Contrary to the action in the FTSE 250 the ISEQ has so far maintained the 20-day WMA as support. Financial exposure has hit the ISEQ very hard so perhaps it#039;s time for the other components to shine?img src="http://feeds2.feedburner.com/~r/Delicious/zignalscharts/~4/fOr5QkJbRjs" height="1" width="1"/

The rally for the past couple of weeks has been a welcome relief but it hasn't got the indices out of the woods, nor indeed kicked off a new bull trend. However, it has given the markets a floor on which to work with. If the indices (tech and small caps in particular) can push through some of the supply zones in the market - most notably of which will be the January highs - then one can look with reasonable confidence for a larger push to the area of last September's meltdown.br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/ScjKUDbbl6I/AAAAAAAAAy4/FNN7P6G3TNM/s1600-h/SPYMar24.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 226px;" src="http://2.bp.blogspot.com/_WWGUfU1tOjI/ScjKUDbbl6I/AAAAAAAAAy4/FNN7P6G3TNM/s320/SPYMar24.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5316721805977425826" //abr /span class="fullpost"The SP (SPY) is nestled against declining resistance dating back to October. After the series of gains it has it will surely make a bigger return move than the 2-day attempt from last week. All eyes will be watching ...