WEEKEND WRAP UP Oct 1

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Our recent weeks of trading have had a lot of sideways chopping action.  My last report discussed how that was ending in Oil, and I think that the choppy action is about to end in the general markets too. Lets go to the charts.

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SPX - As price approaches an Apex we should see a nice break out and run. There is a lot of pressure built up in this consolidation. A break down could get ugly fast, but this leans bullishly at this point.

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SPX WKLY - This looks similar to the 2011 sell off, break out and back test in 2012.

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Window Of Opportunity

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Lets talk about the current window of opportunity

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WTIC - Wednesday I said that this break out looked legit.

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WTIC -  And Thursday we saw follow through, but...

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This is what I really want you to see ...

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Attention Please

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After all of the sideways chop, I think we finally have something interesting to talk about. 

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SPX -  If Oil could get moving higher, I think we'll see the markets moving higher too.  After all of this sideways chop ( in many sectors), this is a bullish set up with todays strong reversal.

spx-9-28 Read More