Interesting week ahead with SPX dropping on Friday most in 2 months right from the levels and lines shown by Roofer. Also his old DJIA set suggests that bulls need to be aware:





Quite interestingly Thursday's high was 80 years to the day after the 16 April 1930 top of countertrend rally from 1929-32 bear market

hahaha! do you think there are some traders in cat using our tools!

Originally posted by roofer

hahaha! do you think there are some traders in cat using our tools!

Weren't this you alone buying at the very low?

Jarek already showed this Kane Standard Alternate ABCD. Good one, Jarek! This is just an additional point of view. Kane Trading rocks!

Al Kamego

i set myself a goal last thursday try to trade for one week based on one setup.... i was pretty good only took two that were not... i am done for day.... i will leave it to you to guess what i traded based on these charts...it is just a game... to be played well or poorly...

Important moment here. This still could be W2 abcd of the move off that .382 ABCD:

Looks like we might have a failure of that bullish .382 ABCD. This could mean acceleration to the downside.

..... i have answered this before.... but i will answer again... when price turns at .886 but there is no gap, the solution i have in my own trading is to wait for retest, sell that, and tuck stop above swing.today's examples...

time to decide

Is there a particular reason for this after hours drop? I already can't recall when was the last time something similar happened...

my apologies for showing sloppy work today... i was so eager to get my trade off and get in my yard that i did not dial down and see the micro gap left on open... thus for seventh day running price opened on gap on five, the computers searched out the .886, and that was it for the day... price was off and running..