Market Update - 10/29/10

The market has basically stalled at this level. I think it is just waiting for next week, which it should. We have the mid-term elections and the FOMC announcement, followed by some key economic data coming out. The market probably won't make a move until mid next week.

Currently, we seem to have a triangle playing out with the action the last few days. If it plays out, we could get a nice pop on Monday.

As I keep mentioning, 1173 is the key downside pivot for all of this.

I will have more over the weekend and I'll try to do another video.