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:

It sure doesn't like my line at that 86 area...

TL's here. Now we get a clue.

Now, something technically cool to see would be a rush to the 88 area from here.

I'm not saying they won't break it down from here, only that if it went to the 88 area from here, it would be doing something technically cool to me.

Three tests there of the two TL's and set line so far...

EURUSD update, hit the bottom of the price box and is in the timing box

EURGBP hit price / time

88 area: "Come to me. I'm waiting for you. Come to me..."

Right here at 85ish is a minor area it needs to overcome.

sorry jim....what is the approximate spy equivalent at the 88 area?

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

Originally posted by tx_ches

I could certainly see it going lower though.