With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:

5681 = 447 and is in an interesting area

I added this long term upsloping lower ML to my short term chart to show how it is clearly "seen" by the market:

...which was further confirmed by acceleration through it:

Major commodities not looking bullish at the moment:

Yes, also a 618 from a prior swing low on 4/18 and other fibs from more minor swing lows in the up leg. Will x mark the spot?

Originally posted by rat89

5681 = 447 and is in an interesting area

Interesting that drawing out the retrace finds the 112,127,161 levels overlapping with support/resistance lines at/near swing points. So that seems like it'd be a magnet for more down. Spy nearing its gap line at 132.79 from 4/20.

Looking like it'll be a good day for geometry.

Originally posted by jarek

Of course we could expect much more downside, especially with main indexes positioned well for a downside acceleration:

This may go straight to a trading book:

I can't find anything special about the current LOD, so this violent 7 points move off it could be just a shakeout:



But I may always be looking not close enough

Beauty and Simplicity in the Market and two Mods to Tim's 80% Rule.

Good Trading,

Al Kamego

Bulls seem to be more serious about this rise than I originally thought. Here comes the first real test of their intentions:

just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...