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:

all in long, when and if geometry across the board completes... elsewise... just trade after trade of standard size... on both sides...

fascinating stuff roofer.... abcd to 466 area?

??

here's what happened at the 447 yesterday....

Originally posted by rat89

here's what happened at the 447 yesterday....

Rat, I have about the same. But I show a few more fibs coming in.
So I have ML from large brown set (same as your blue);
146 from prior swing high;
68.5 from day high at open;
44.7 from Y high;
WL on cyan set from 2 swing lows;

SPY Low - Rat said it but here's my chart.
Spy 30 minute:
Shows the retrace up leg to 61.8 followed by the down leg to make the 161/1 at confluence with 146 of last little swing at confluence with 127 of last major leg up at confluence with ML set.


Spy Daily has the low also:
Very near ML and a quartile line intersection on sets;
at 78 of prior swing low;
at AB=CD of down leg to that prior swing low.
I could certainly see it going lower though.

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

Originally posted by tx_ches

I could certainly see it going lower though.