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August 6, 2013  Tue 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
There are no major economic reports today, though the earnings calendar remains active.

Archer Daniels Midland, CVS Caremark, Emerson Electric, Cognizant Technology, Fossil, Tenet Healthcare, and OfficeMax report before the opening bell. CF Industries, Walt Disney, Computer Sciences, and First Solar issue results in the afternoon.

Tomorrow's economic calendar is slightly more active, with German industrial production, weekly mortgage-application numbers, and crude-oil inventories on tap. China also has economic releases in the evening.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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