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.

Time always trump price.
Swing short on a 60 min basis.

Originally posted by EricD

Time always trump price...

or in other words: ''when enough time has passed price MUST LEAD"

Yes Jarek...
the intraday play of the day IMO.

A chance to confirm bears domination:

Yes, now we see if it just wants a quick move past the low, then done, or a sustained move. Big clue.

Yes - the ABCD has played out, but just by 1 tick. Now we have a chance for this funny 1-tick 3D:

Another 3D possible - this time more classic one at 1.272:

If I would have to stake my financial well being on just one tool today, that would be the green set anchored at 3D:

It is quickly approaching an important test for the move off this 3D - bearish EXP ABCD in the Kane Zone:

On a daily chart it is not 5 equal bars in a row anymore:

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...