I continue to believe that the move down off our big bearish Kane ABCD isn't finished yet because it hasn't reached 1.272 external retracement of that ABCD. Therefore I still look for a potential W4 correction of that move in the form of a sharp zigzag. My downsloping warning line was breached on Friday but there is a downsloping set suggesting that Friday's high could have marked the end of such zigzag. There was a clear retest of the line before the end of the session so it looks quite interesting:

Originally posted by roofer

across ALL my traders.... time to decide.. jim i agree.

Yep, this is a critical area, and I think they want to blow it out. It's going to be interesting.

I'll say one thing, the geometry will gain even more respect from me if it reverses it in here. I've never seen one 'look' more like the areas won't hold than this one...

So, how close to that 1140+ area will this get in the overnight manipulation ramp? I say it is likely to do as much as it can. But, it has to save room for the fake 700,000+ jobs report on Friday, because they will want to explode it up on that. They are really priming this thing for some big upside moves. It would be very curious if they somehow were disappointed...

many bearish.886 on gaps......shorted..... now at this moment in time, many potential bullish abcd's... moved stop to break even.. await market's choice...

Well, in light of my semi-sarcasm about this rushing up to 1140+ overnight, my first key area, and the last one before the bigger ABCD becomes probable in my opinion (and the 'W2' scenario can still be valid), was the exact spot it peaked today. It hit my key line to the tick. But this is a bullish ABCD forming in here, so decision time is coming. It may just chop until the big +700,000 fake jobs report. That makes more sense. Then straight up to 1140+ on a gap.

I refined my areas a bit more:

Here at 1105
22.25-24.25
36.50-38.25
48.00-49.25

Each area has a tolerance level, and I have a few sub-areas I didn't mention.

It's too early to really define the areas, I have to see where the lines hit and what else develops structurally if it even heads up any more. I prefer it gets hammered off this area here. But all I can see is a big game on a fake jobs report getting set up.

Nice selling. ABCD area passed, but major .382 hit to the tick, with some key lines and .447 right below, so if the bullish scenario is still on the table, this reaction off my area, and then down to here and back up would fit perfectly. I'm being cautious in here with my immediate short side bias off that HOD. Now let's see what it does...

.......AAPL...after first thrust down, completed kane dbabcd with entry on .886 on gap.... nice test and retest on iwm.....FAZ did not get stopped out...sure got close...

next 15 min could be interesting.......

traders here know i trade a stack of charts in groups of ten to look beyond the indexes to see if the parts support a bias in the market.. especially before a big report i ask the cold hard question strictly based on the geometry...'' is the geometry of sell or buy in place on the previous days close.. so that no matter how ''good or bad'' the news, the computers already know how they will react?''then i ask after the initial reaction on the open'' does any additional geometry, usually an 886 on gap at line, support a continued push all day in one direction...?''here is a glimpse of my charts... note KLAC is an old favorite of jim's... the dbs was just waiting to blast.