Market Tao Week Ahead 10-19-09

Trans Double Top



















NDX Double Top



















Monster Macd Divergence

With Earnings under way markets are resistant to any meaningful correction but the Ndx and Trans Are beginning to tell us a different story.

Markets look to be setting up for a turn down as soon as this week..... we may get a final blow off top spike up to 1120 but maybe not.... with AAPL reporting a/c today it could get choppy but I'm thinking price is baked in and will most likely selloff after report.

My Plan to day is to Sell the high 1090 and exit any where below 1079

Spy sell 109.00 and exit 108 or below