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:

This green line magnet is simply unbeatable:

86 area (85-87) next? Or lower?

That area is also the green line set lower //.

I'd really be a bit surprised, though, if they can take it below this TL. That would say something. Of course, it's also a possible snap trap opportunity for them.

89 here has some Fib significance.

ES 3 minute.
Reached the 88 retrace but doesn't look like it'll stop it.

Fast track straight to the next decision area:

I knew something was brewing. And I knew they were trying to make me think the breakout would 100% be to the upside. I'm glad I posted that note ahead of time saying I was going to disregard my read on that, as it looked too much like a trap.

Okay, watch for a big snap up here. In case.

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

Originally posted by tx_ches

I could certainly see it going lower though.