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.

You may be right - on a daily chart there are 5 almost equal bars in a row:

Now, big clue time. This looks like it could break down hard here, even 'flash crash'. But, in recent times, a break below such a key area was met with immense snap back ramping action. If it doesn't happen this time, watch out below, and I mean watch out.

Let's see if 57.50 is the launch point for the manipulation rampers...

If not, those bulls better run for cover.

Not a coincidence at this 57.50 since this was .447 to the tick coupled with 1.272 to the tick:

Not a coincidence at all, I think. But with crude still dropping, I suspect it will not hold much longer. I truly worry any real selling will initiate a flash crash.

Wow, they better come in somewhere in here, or flash crash here we come. This market has zero under it.

I think the odds are they'll come in hard any second. I hope not, I prefer not, but I suspect they will. They always do...

Please, please, please lose control... Oh, please.

This bearish ABCD has chances to remain the Play o'da Day if what's happening right now is just a checkback of the downsloping ML:

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...