Directional Analysis

It looks like with all the craziness of the Government done for now, the market makers have decided that the selling is done. We can see a bottoming tale on almost all the Indices and with the Dollar finishing up its back-test of the Bearish Continuation Triangle, the direction of the markets are changing as you are reading this. All we have to see is a nice follow through tomorrow and we will be off to the races!!!

In this update I do an analysis on two indices which I believe are showing the best lines in the sand. What I mean is, I can make out the areas where each Index should hold, break, and or head to within the next day or two. Using these lines in the sand will give a probability scenario that we can count on. Technical Analysis is and will always be a breakdown of all the probabilities and choosing the most likely scenario, but in the end nothing is certain until it happens.