Nasdaq

The symmetrical triangle pattern was confirmed today with a close below 1599.00, so I didn't close out my position. Also, even though we seen some late buying off the lows we ran into resistance at the 1597-1600 level. This level was the 38% retracement of today's range and contained two pivot points (DS1 and WS1). We were also able to get a lower closing low and close below the 10 day EMA. It's the first time since July 10th that we closed below that moving average. Friday we had to deal with unemployment and now tomorrow we get to deal with the FOMC decision. Another interesting day shaping up.