Welcome back everybody! I just returned from my longest holidays in many years. And it looks like the best trading action of the year started just after I left and lasted for whole that period... Coincidence? :-)
Fortunately charts tell us, that it should last for at least some time to come:

They look serious. I know I am.

Originally posted by jimkane

Okay, are they serious now?

That's exactly what I was thinking, and I'm bothered by that CD leg. If it is all part of a BC leg, then that pushes the completion point up a bit...

Originally posted by jarek

I'm wondering whether the current decline is just a correction of the recent almost 100 points thrust up, or maybe start of something bigger to the downside:

Click image for original size

I don't like this 3-legged CD leg, but will remain open for such a scenario until proven otherwise

Be very cautious right here, as this could roll hard at this point, if they really aren't going to run it up a bit. Very dangerous spot.

Interesting. Really. No hard roll over, just a steady drift down, right off that spot. Is the 'hard' part coming?

Okay, this is potentially big here. What it does, I mean.

Hits the LOD to the tick and explodes up. Too funny.

This time "just" to .382:



Will they aim for the target still today?

Then they roll it down, two ticks below, and explode it up again. They love to mess with the daytraders...

So, will we get the big rise now off this 'retest' of the key area?

Okay, watch this bearish ABCD on the 1-min now for clues. If this is to rise, it should blow it out, or react a little to it, trap some suckers, then rise hard. Let's see if the bulls are back or not...

finally...