Where are the stock markets going now : SP500 week, day and 2 hr 04:26. The 2 hr trend is still up or sideways still holding 648. The daily trend seems to hold above the rising 100 MA now and the falling 8 MA is still down but it seems now as if it might turn on upside later in the week. However the fundamentals are a difficult mixture of good and bad and lots of things will happen this week and next. The price movement could very well continue to be jittery. A clear prediction is impossible right now but as soon as the technical picture clears it will come.