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:

ES up now? I just mean on the tick chart/1-min.

decide already!

Hmmmm, not rising. Red alert!!!

Originally posted by jimkane

ES up now? I just mean on the tick chart/1-min.

It may just want to chop. But, watch for a vicious snap trap, too. Something is brewing.

Just a snap trap? Up now as expected?

The price action in here is very 'odd' to me. Again, something is brewing, and I don't think it's just chop/low volume mid-day consolidation. Just a feeling.

ES looks ready to explode up. I'm wondering what that means?

Like I said, why are they making it look like it is about to go up??? Because they are about to run it down?

Originally posted by jimkane

ES looks ready to explode up. I'm wondering what that means?

Back to the TL. Now, watch closely. Clue time. Bounce? Break and then snap back? Break and 'backtest' from below? Break, backtest, then snap up trap? Flush? And so on. Clues. Games.

Okay, is it straight up now? Was that the plan? Snap down to the TL once more for the trap?

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

Originally posted by tx_ches

I could certainly see it going lower though.