Stock Market Technical Analysis Blog
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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...
Alan
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