Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, September 30, 2013

Opening Smackdown

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today we had a smackdown opening that climbed part of the way back up as they tried to get the SPY back into the descending blue line channel in chart 2 above.  

In chart 1, the orange / green downcross continues to follow thru.  The next couple of days will be pretty dynamic and unpredictable with the debt ceiling deadline tonight.

Trade well my friends


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