Tuesday, October 15, 2013

10/15/13 - EOD Update

The next 30 some hours will be interesting. The market appears to be pricing in some type of deal being made.

Pattern-wise, looks like a falling wedge in the works and a potential for a head and shoulders. that would target approximately 1670.

Earlier, I posted the potential for a triangle as well. See the daily and 60 min charts at 12:23 PM.

Until something is firmed up by way of the debt limit we should be prepared for the continued whipsaws.
15 Min 

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