Here are two interesting long term charts of main indexes:






Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??

54.50, 3-4-5? Notice that .382 pullback off the caution area. Will this area now slow it down, bring about a 'W2'? We'll see, but the buying frenzy appears to be back, so perhaps not. It's a powerful area, but liquidity driven mania is also very powerful. I'll just stay long side bias until it gives a reversal clue.

All my students should have seen that reversal entry pattern setup there. But they should also see the line right here that stopped the drop dead on. Let's see what the bounce tells us. Bounce and roll and take out the line, or thrust up and over the key area. Showtime...

Now you have to admit, that's pretty cool. To the tick off that line, after five minutes sitting on it.

Sure 'sees' that area, but can't handle it (yet). This will be fun to watch it resolve itself. I'm thinking the odds are over 99% it resolves to the upside. Just a hunch, after all, it is quite a significant area.

very cool..

Hmmm, if this does roll, as the technicals would imply, then I will come to realize my feel that the odds were 99% it would take the area out to the upside was the result of them making it look that way before they dumped it. Let's see if it is true strength I am sensing, or if they are gaming us.

Here they come...

It seems it was true strength and it wants to challenge that 57-59 area.

Yep, my 99% odds played out perfectly, still on the long side from that pattern this early AM. I think they want that 80 real bad, so I think this may be an attempt at that. Long until close? That would be quite a trick for them, with no real checkbacks...

Some key fibs here, right at a spike line and upper //, and it sure saw it. But, let's see what it does, since these are all just checkbacks areas in an uptrend so far.

geometry...

fyi, i took a portion of trade off at line from set... but i kept a portion on with wide stop equal to profit....we shall see...