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December 11, 2012  Tue 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar is relatively light, with no market-moving data scheduled for release in the United States.

The Commerce Department will release the country's trade balance at 8:30 a.m. ET, followed by wholesale inventories at 10 a.m. Both reports cover October, and are unlikely to impact sentiment.

A potentially more important report is scheduled for 5 a.m. ET, when Germany's Zew center for economic research will release its index of investor confidence. A strong reading could boost European indexes and support the S&P 500 early in the session, while a weak figure could have the opposite effect.
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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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