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September 20, 2013  Fri 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's calendar of economic events is empty aside from Darden Restaurants' quarterly results.

Housing is the main theme next week, though the only item on Monday's agenda is the Chicago Federal Reserve's regional index.

Tuesday brings the Case-Shiller index of house prices and data on consumer confidence, along with earnings from homebuilders KB Home and Lennar.

Durable-goods orders and new home sales follow on Wednesday.

Thursday's docket includes the final revision of second-quarter gross domestic product, initial jobless claims, and pending home sales. Accenture and Nike report after the closing bell.
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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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