Tuesday, October 21, 2008

Potential BIG down day coming. 10/22

S&P formed an inside day today, this is a rare occasion that usually leads to big moves, the pattern suggest a move down and will watch 942 for a break down, but be careful for a retracement and best to trade a retest and failure of the 20 ema on the 5 min chart once we break down. To the upside if we break 986 then look for a decent rally to take place.


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