Here is this potential bearish ABCD looming over the market for some time already:





Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.

Lower high off the key area??? Or potential ABCD a bit lower?

And now we have a potential W2 EXP ABCD off the area:

I just can't get that bearish feeling... They have the bulls trapped, the game is on, I just can't see them losing ground now, on a Friday, with the gov behind them. I think it will rise, and try as hard as it can to get to that 92-95.

Indeed it looks like preparing to take out the area

Hi Guys,

Here is my interpretation of the SSO over the past few days. 30M and a 5M. 30M hit some nice confluence and bounced and now the 5M is sitting at a key level for me..... :)

Hey, iso!

Amazing how this area has stopped this dead. It keeps trying at it, and I think it will get it, but it sure 'sees' it.

A bunch of large block trades going off in the spy here, see the area in the rectangle, the pink dots are 500K + trades..... interesting at a key level....

This is very interesting. I think it will resolve to the upside, but it is something to see how this stopped dead here and is battling so hard against the 'overhead supply'.

Much higher low here in the range to push off of. Will this be it?

This is just amazing. Right up like a rocket to the area discussed in here way in advance, and then just stopped dead, and 'consolidating' there for about an hour and a half, in a tight four point range. Just amazing. I'd be even more amazed if it didn't break to the upside. The area has had its chance and couldn't turn it down. One could argue, though, that the bulls had their chance to break it up and couldn't... But, it is Friday.

roofer, do you have a list of the stocks that you track?