Price is coiling, is a breakout imminent?

More consolidation today, with only a small % difference between the high and the low of the day. On the daily chart we see an inside day. The longer this consolidation takes, the bigger the next move is expected to be. Different factors can trigger such a move: oil (Iran), the Euro(zone) of course, earnings, natural disasters,... Interesting to see what this week has in store for us!

A look at the 5h-chart for the S&P-futures below. We see price coiling more and more. I wouldn't be surprised to wake up tomorrow and see some overnight move (up or down) out of this pattern, followed by some more sideways action.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Metals: copper and gold were down, silver up almost 1%
Oil: went lower, almost touching 100 and bounced well in the afternoon
Euro: bounced some today, but nothing major. Still in a downtrend.

Articles for this evening:
Euro crisis, Brent oil edition
The Wisdom of Running Multiple Strategies
Are You Still Stuck in the Past?