Welcome back everybody! Good to see so much activity and some new faces here

There was also a lot of action in the market while I was away. The basic question is, as Jim pointed out already, whether Thursday's 3D ended in a meaningful PTA or not. The best lines I could find for this area are following:



They don't look very convincing and there is no pattern, so the reaction at the current area should be very important:

I thought I refreshed. Wow, over three minutes late on that one. Yeah, that 'W2'...

watching bearish abcd, but also bullish pullback to .382 just now and sto low on the 1's......ma's all in order on the 5m.....It's also a battle just over the first hour range....

abcd leads to retest?

Just amazing to see this 'W2' area hold for so long, and even produce a reaction. I just don't see it, but if it does play out, that's a profound statement, IMO. I suspect after they bring it back in a little to an expected area, they'll start it up again. But with 1/2 hour cash left, imagine if they close it back at the area...

.447 at this low

I reanchored the downsloping set to the secondary high on Feb 21 and now this potential W2 is almost exactly at lines confluence in the Kane Zone:



Bulls have a lot to prove here

And 8.50 is the first area they could try to prove it from... But I'm amazed at how well this has 'seen' and reacted to this area. I guess the first clue was how poorly the bulls came off the lows to start with. No rush to 'stock market risk on', with crude exploding and gold at another new all-time high...

It sure looks like lower, though. They wouldn't dare do a last 1/2 hour sell-off, would they?

6.50 is my next key area to watch, if this area here gives way.

iwm bounced at line, at .941/ .618......how far will the bounce get? interesting how the new schiff set sits right on top of the last one....