Saturday, April 4, 2026 
Big Week Ahead
I can just feel the tension. All eyes are on the new Treasury Secretary Timothy Geithner.
Here at Trade the Picture, I attempt not to over analyze the analysis. The price action says it all. Below is a weekly chart of the S&P 500 futures. The tale of the tape this week will be one of three theme songs.
The market will defy the voting mechanism and rally. This one will be difficult, but not impossible. After all, breaking up is hard to do.
Nothing like some old school No Doubt with a few friends and a billiard table.
This is a more likely scenario. This scenario will frustrate the most people. Don’t ever rule it out. The market will continue, As Nicolas Darvas might describe it, to be trapped in a box.
3) Breakdown
Nothing like some classic Tom Petty.
This one will be the easiest. Down is still the path of least resistance.
Breaking down below the green line will take us right to the blue line. If this scenario plays out, my downside insurance will expand in value quickly and seismically.
Peace
Consolidation
Lister to Mr. Volatility. He has created some sick tools I’ve only dreamed about.
Comment by Richard — February 7, 2009 @ 6:02 pm
[...] February 7th, I mentioned the tale of the tape would resolve itself one of three ways. It was going to break UP [...]
Pingback by The Battle of the Bands | Trade the Picture — February 19, 2009 @ 6:27 pm
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