We have a nice potential double bottom that could play very well into the usual Sunday night - Monday strength. This 100% retracement of Wave 1 of the move off our bullish ABCD doesn't fit well to the scenario of a really strong trend up starting here, but the move to the usual area off this ABCD should be good enough to deny all the Wave 3 callers right away:

Third little retest of the SL. I'm expecting a break to the downside.

I sure wish this would give me that 47 to end the day. I'm not asking much, am I???

My best upsloping line is in the upper area, and it comes in at 48. That's why I mentioned 'plunge' before, because to have them all hit together, it had to happen fast. So, if this can get to 48 I'll be satisfied the area has been reached.

And as I write this, it just hit 48.25! It may not be done, either.

47.75!!! The key line is right here. And it hit the spot with a break below the major downsloping SL. I will still see what it does here, as it could really break down in the after-cash.

47.25. Deep into the key area. Watching what it does in after-cash, in case...

46.00. Staying short side bias as long as it keeps dropping... Wow, what a spectacular finish for my premise!

This was rather spectacular drop off DB ABCD - almost 30 points with just few points drawbacks and with final acceleration right to the 'Game Zone'. But wasn't it suspiciously long for a first leg of a potential larger move to the downside?

Yes, jarek, but many times I find the 'W1' of the DT/DB, 4PT, flat, and EXP ABCD's can be to the .786. So, it may be in the normal realm. That's one reason why I felt a bounce may come in here. But this reaction off the DB ABCD is a nice confirmation that the bear trend may still be intact. So, watch the 'Game Zone'.

The balance of lines make for the best setup ....i think odds favor a rush to a new low..but we will see...

Great work, eric, right to your area.