The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Tuesday, October 8, 2013
Overnight support holds...
The lower channel was tested for the 2nd time in the /ES last night. I believe if support was going to give way it would happen in the after hours session. I expect a 5-10 pt move higher in the SPX today.