Market TAO Tuesday 12-01-09

Topping Rectangle .....

Range Trading for the last 14 days.

A break above 1112 or below 1086 is what I'm looking for . Otherwise, the range is the trade zone.

If the current cycle continues, we should see a move down to the red oval in the next 3 days.

More Info on Topping Rectangles

visit this link http://thepatternsite.com/recttops.html



Overnight the es futures are up and the open SPY is a gap up....

My Spy plan is to buy the opening gap about 110.80 and run up to 111.10 - 50 and exit trade.....
this looks to be a potential trend day up so an attempt to fade the rally may not work...most times a strong rally day will close at the HOD ....keep an eye on the USD and XL's for divergence