We had a quick peek over the trendline, but it got pushed right back down. I would not classify this as a break out. The channel is still in tact.
Short post tonight, but I will have more over the weekend.
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SPX, USD, Gold, VIX, XLF and Apple.
Friday, October 8, 2010
Market Update - 10/8/2010
We keep squeaking out new highs by a few points, but the market is showing some signs of it being tired up here. Also, we are in a zone of heavy resistance now. 1167-1173 is a pretty heavy resistance zone.
We had a quick peek over the trendline, but it got pushed right back down. I would not classify this as a break out. The channel is still in tact.
1170 could be in the works, we'll have to see the futures action on Sunday night.
Short post tonight, but I will have more over the weekend.
We had a quick peek over the trendline, but it got pushed right back down. I would not classify this as a break out. The channel is still in tact.
Short post tonight, but I will have more over the weekend.
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