Hmmm, futures are down 7.75 points. That seems like an impossibility. I guess they want to run them down so they can get everyone in and then gun it straight up to new highs again :-)

I started this topic again because:

a) We need it, that posting of endless pages in the SPX topic is just crazy, and

b) If I don't do it, no one else likely will.

We've got some people interacting again on the intraday ES, so let's make something of this. Got to strike while the iron is hot.

boy, this thing looks like it's in trouble

looks like one more trap maybe..the question is how low first..

look at the VIX

right now I like 984. I also think that the INDU could run down to 8800 in the next days (weeks)

What matters to me is if they pick it up at this big DT ABCD in here, or not. If they don't, there really is no other obvious ABCD left for it, and I'd suspect an intermediate top may be in.

I was looking at the TD completing at 988 in globex into
the bigger Double top pattern with 1.272 = 977.81
1.272 abcd from 1015 in same area.

Now reaction off of small Double bottom at 983.

Context:
Big double top pattern = buyers should step in here

Anyone take this long here?

Or does anyone think this may have more downside and you took that small DB ABCD?

downside

with little leeway

Very cool, roofer.