Tuesday, October 23, 2012

S&P500 'follow through' Friday (lower)...now a 'pause'?

S&P500 Daily Close @ 10/22/2012
Friday's sell-off confirmed Thursday's 'Outside Down' Day chart pattern.
Contrasting Monday's 'unchanged' close; regrettably on relatively Low Volume as against Friday's High Volume selling. Tuesday becomes interesting to say the least.
Crude continues to trade 'heavy'; all eyes on the final debate & foreign policy.