Beginning of this week may be really exciting given election results in Greece and France.

Being careful here at this 55.75, the .447 off the high from yesterday. If it's going to dump, it could happen here.

Okay, nice reaction so far to the little tick ABCD pullback. And while I'm typing, there the new high for the move.

This so wants to dump somewhere in here...

Okay, let's see if this is the dump spot, or if this is going to go right back up again.

Originally posted by jimkane

58.50-60.00 my next spot to watch.

60.25 and reacting. Now we see.

Okay, this thing is strong. I'm watching 63.25-64.25 next. That's really the last area and then it's free to run. Imagine that, a huge move down, a huge move up, right back down, and now right back up, all in a few days. Crazy.

Note the 1-min 3D here. I am getting very wary, especially given how strong this is looking.

And it has started to react off that 3D. But, will it follow through to the downside? We shall see.

Nice downside reaction so far. It will be interesting to see what it does as it hits into the .382/.447 area as that comes together with the other components. That will be a very big clue. If this can't get moving up over this area where it rolled from there is a serious chance, in my opinion, that new lows will be coming.

This 56.25 here is the bullish ABCD area at the .300/.382 overlap. First level to see what it does...

Okay, the SPY just set a new low for the move, exactly as I thought.