Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, October 6, 2011

The Moment of Truth is Here 10/6/11

Stock Market Technical Analysis Blog

Click on above image to enlarge

This is it everyone.  Tomorrow we may see if the Nasdaq, Dow, and S&P break out of their short term down hill channels ( 3 left side charts),   also whether  the Bonds, VIX, and the Dollar fall out of their inversely correlated uphill channels (3 right side charts). The latter of which have been wrecking havoc on the stock market for a while.
Most professional traders know the PPT has been in the market since 2:15 Tuesday, the question is will they or can they follow through with a Major breakout for the stock market?
It's going to be a really interesting day...

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