Jim suggested to take a look at daily charts of some secondary indexes and here is my current $RUT chart:



The green ML of a set based on big bearish 3D happens to be also a neckline of a classic head and shoulders. If bulls would not be able to defend this line next week, then a move to the lower ML should follow. This would also be a perfect fulfillment of a successful H&S pattern.
It is all the more interesting as this big bearish 3D fell dead on at the upper ML of a quite important set:

Crude is exploding on the tick chart... Last half hour run to pit close? Will it lead?

This is just bucking up against a big, higher timeframe downsloping TL. When that gives, that should fuel the explosion.

It's gonna blow...

Here it comes...

Line ticked above...

This is it. KIG...

Key SL here...

Very careful here...

Crude is strong into the pit close.

Interesting, huh?

Originally posted by jimkane

Very careful here...

it might have to, and we'll find out soon

Originally posted by tx_ches

I could certainly see it going lower though.