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:

What does it say if it can't?

Originally posted by jimkane

Time to rise.

it might say something like this in play..



and this....

That would be cool. But not bouncing along the way on key areas, that usually has some significance.

I agree....it's hard to imagine there is no short covering of any kind today...

First little .300 and it dumps. Watch the GZ, but this is not looking good for the bulls. I'm happy about that, but if they sell it too fast it will climax (or possibly crash), and I'm hoping for a long-term resumption of the bear.

If it takes out this GZ here I'll be watching 61-62 next. But, if that doesn't stop it, it may flush, even being down this much already. They know this, you can be sure of that.

It's gonna dump...

'They' really know what could happen if they don't support this in here.

Very, very, very odd that it hit the 'stops', and like yesterday, nothing happened. Recall what happened after that yesterday. Reversal. I can't see that here, but it is odd there were no real stops under the LOD...

Watch that 61-62 next.

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

Originally posted by tx_ches

I could certainly see it going lower though.