Not much to add to what was already told here about the importance of the current area. One more think I noticed is that the recent high in $SPX was exactly on the upper ML of an important Schiff set based on Feb-Apr and Apr-Jul swings:





Friday's morning high could have been just a test of this line.
From how it all sets up we may assume that coming move in either direction should be strong and sustainable.

It is hard being short this market but it was an inside day yesterday..so outside or 75% of yesterday maybe the pattern..but boy am I brainwashed to be long...especially from you drilling it in countless times.

Okay, watch the 3D here to see if they can break it down more, or that's it.

A REALLY important spot at this double 1.272 3D:

Crude getting dumped, the ES, gold, the Euro, hmmm, that can only happen if... drum roll... the DX is going up. The dollar is catching a bid??? Recall my post from yesterday, and that new pattern I mentioned. It did do one more small shake before starting up, and that adjusts the center of the area to 79.35. If it gets there, I'm cautious. If it can blow that out to the upside, I'd suspect that sea change is in full swing, and this thing may crater, election or not.

But, the cart is way ahead of the horse here, all we have so far is a tiny starting move, and we've seen those fail like a thousand times in this market. Remember, the entire power of the Fed is behind the utter and complete destruction of the dollar, and this would be a bet against them. David and Goliath, and David is in a coma...

And it completely ignored it! Bulls are in real trouble for a first time in a while:

I just noticed that you were 5 sec faster with this 3D, but mine was with chart

yes Jarek..boy if they can make it an outside day or at least to the Game zone , it would be interesting..

I know I say this all the time, but any time there is any real selling the risk of a flash crash is high. The system is so broken all bids will be pulled when selling starts. Another flash crash is coming, no doubt in my mind, it's just when will it happen, and can they come in right before it gets kicked off. Staying with the short side bias until I see them come in. Then we can wait and see if they will be wildly screwing people with busted trades...

How's that read on 86.25 area looking now?

Okay, what a place to close it, once again right on my area. How often do they do that? I still think the odds favor the bulls, but it sure would be nice for these technicals to play out and the big areas to send this way down. I can dream, can't I? I may take tommorrow off from the forum, I need a break, since as you can see, I tend to post a lot. If so, I'll be back as soon as I feel 'rested'. I may just watch you guys, but when I do one of two things usually happens: no one posts and there is nothing to watch, or, I just get sucked in and post anyway.

I may make a few comments today, for example, if/when this blows out my area to the upside in after-cash or in GLOBEX...