So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:



Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...

Another argument against the dark side - Kane ABCD completed also at Roofer's 1.618/1.000 algo:



Will they hold?

This was also right at a line of course:

If the reason for the bounce on Thursday was indeed a KIG to the trendline then maybe today we had a return move to the medianline.
Kind of funny - if the index comes back in a hurry to hug and kiss every major line in the neighbourhood, can't it mean it plans to part with this area for good? :-)

Nice work, jarek. Glad to see you posting and starting to topic.

Keep an eye out starting in here for the snap back bounce.

Otherwise, I'm just staying short side bias for now. Key area is down in the 26's, if it can get there. The selling should climax this soon and create a bounce.

Wow, this is just artwork in motion. I can't believe it's going to get there so fast. Keep an eye out...

And there's the 26 handle :-) Now we see if this is something bigger, or not.

So, it hits 26.00 and bounces up 6.75 so far. How did he know that was the spot to watch? :-)

Now, what about this EXP ABCD right here? This is a 'context' question.

Okay, 67 was it. See ya all Monday. Great posts, everyone.