We'll see if Monday's candle on the Broker/Dealer Index is a bearish 'Evening Star.' If we get confirmation today (Tuesday), we could see a drop in equities soon.
***UPDATE: As of today's close, the 'Evening Star' pattern has now been formed. We'll see if we get bearish follow-through next...if so, equities should follow or vice versa.
Of the 9 Major Sectors, Financials was the biggest loser in today's decline.
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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Wed. Oct. 18 @ 2:00 pm ET ~ Beige Book Report
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Nov. 3 @ 8:30 am ET ~ Employment Data
* Wed. Nov. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
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* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference