'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Tuesday, August 27, 2013

Tuesday's Market Update

The market made an unprecedented move early in the overnight session due to main concern in Syria. The Gold formed a cup (or a double cup?) with a handle pattern as shown from this 15 - minute chart. While the Crude  formed a shallow cup. The Nasdaq made an inverse head and shoulder pattern that was originated from yesterday's session.