Anther interesting point is that today, one of the rare trading sessions we that, if the indexes not advanced in the response to the U.S. dollar drop. Decline in the US dollar index could fuel for bullish feeling on the stock exchange, especial be considered taking into account that in the last 4 month S & P-500-trend closely against the U.S. dollar is trend index. Fact that stock market US dollar decline to higher uses move is actually a bearish sign.
Overall technical analysis, prospective looks picture not positive trade tomorrow.
I'll continue to 15 - and 30-min chart but I would just 5 min chart as keep also in mind. If we increase in volatility, this diagram could be handy.
Tomorrow we have FOMC meeting on rate decision. Such events are common, supported by high volatility and fluctuations in both directions. Pair of last FOMC meetings (minutes) followed bullish feeling for a multiple trading days. However, it is difficult for me now, the same is expected if Bernanke some positive positive announcement again... In think, I, we some negative notice can get. A few days ago, the President used ex President put pressure on the tax cut bill passed. Before we had again recession, completion of the White House economist on a way to double dip with a purpose to pressure to pass on the tax cut Bill. I would be surprised if tomorrow, President Bernanke, used to create additional pressure... (I hate when the economy and stock market in political games).
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