Toni Hansen thinks that the markets have room on Friday or into Monday to come back down into the week's lows once more, and can easily form a lower low, before they pull higher.

Do the Chinese have a strong interest in dampening crude oil prices and in general boosting world stock markets ahead of the Olympics?

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 20.

Input prices are running up at nearly twice the rate of the official CPI figure. Prices for goods imported from overseas are rising nearly four times as fast.

Toni Hansen notes that the weekly charts are all showing confirmation now and rolling over the resistance zone of the past two months, so there is a lot of room on those larger time frames for more downside this summer.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 19.

The price structure of the the streetTRACKS Gold Shares (GLD) is wedged in between the rising 200-day moving average, and the 50 day & 21-day moving averages.

Consumers and central banks are both trapped. Central banks want to lower rates and increase liquidity in order to stimulate a sagging economy. But their inflation no longer swells assets prices and nourishes economic growth; now it leaks into consumer prices.

Toni Hansen thinks that the Dow might try for a slightly lower low as the week progresses. This will be particularly true if the downside momentum remains the same on Wednesday. A slightly lower low, however, has a decent chance to move the market higher again into next week.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 18.