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Tuesday, October 6, 2009

Pre Market TAO Tues 10-06-09

The US Dollar has been selling off all night.

We are expecting the SPX to gap up at open 1050

Spy gap up to 104.85

Fib time series suggests an inflection at 11:30 est so i expect a rally until then up to 105.72 then we should see a correction of this wave A..... to a B wave down to 104,00
I'm Calling it A because the price action from the 1080 high is turning out to be a series of ABC zig zag patterns which suggest a sideways consolidation pattern ...

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