Breakout / Breakdown

Work continues with the DJI, SP500, and the NQ100 trying to work some type of breakout or breakdown confirmation as overall markets have entered a period of less volatility and smaller ranges. Recession length, oil prices and the dollar get the most coverage but are used as headlines to blame modest swings in daily price action. The real directional news will come from campaign contestants and Fed proposals for more intervention over the coming weeks.