'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Monday, September 2, 2013
Labor Market
No market today for it's holiday, but the futures markets are open because it operates electronically. The indices (Nasdaq, NQ) were all gap up today, but the Crude and the Gold were gap down. The Nasdaq formed a deep cup with a handle pattern. The Crude formed a small double cup but minus the handle (not able to sustain the load and it bends). While the Gold made a reversal forming a 'u' pattern like. All are in 15 - minute chart frame.