Directional Analysis

After hitting the bottom of the symmetrical triangle, which I had predicted to go to a few days ago, the S&P Futures blasted off to break out from the down trend channel. We will have to see if there is any consolidation or the momentum will continue. I expect some sort of flat consolidation for the rest of the week and early next week having another big push to the upside. The US Dollar is starting to break down, which will just add fuel to the end of the year rally in the equity markets and also the commodities. I like the energy sector the best to have the biggest gains next year, although the Gold and Silver Futures are looking really good right here.