I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Thursday, October 20, 2011

Oct 20

So my ideal setup that I discussed yesterday manifested on the Nasdaq ... but not on the SPX. However, it is looking to me like the move on the SPX could be a triangle. If these theories are correct, then tomorrow should be a breakout day. Should be interesting. Either a breakout or a breakdown here will be telling for what will happen for the next few weeks.

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