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 looks ready to sell hard. Now I wonder, will it, or are they trying to game me? Sure looks like it will sell.

, or no???

Originally posted by jimkane

This looks ready to sell hard. Now I wonder, will it, or are they trying to game me? Sure looks like it will sell.

This is a tough area for it.

starting to look like a rocking chair?

See how they game you?

Originally posted by jimkane

, or no???

Originally posted by jimkane

This looks ready to sell hard. Now I wonder, will it, or are they trying to game me? Sure looks like it will sell.

I think this may be headed to 1315-20 next. I'll refine it later.

95 or so is a key level. I haven't done all the work yet, so I'll have to post the more precise level later. Plus, rollover is really mucking up my charts.

I have spy 1312.16 > 128.18 = 447 at 129.95

and it finally tagged the line again

This area here is just soooooo tough for it.

I think it will most likely grind up until close. I'd love a sell, but I am not counting on it.

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

Originally posted by tx_ches

I could certainly see it going lower though.