Hey look, a rising wedge!...bad news is that volume is not supporting this one...so it might not break down tomorrow...Stochs should turn down...Geithner postponing the plan a day really leaves the market hanging. My guess is we go down tomorrow...but not hard...stay kinda choppy waiting on news.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.
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