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

Watch this 56.50 area right here for clues on this checkback, to see if the rise needs more correction (or is done).

Nice charts, guys.

Watch this 51.75 area next for clues. I'd expect a bounce, or reversal from here.

Understand, my viewpoint right now has been short-side off the 3D into the HOD, on a very short-term basis. I'm watching these areas from a management perspective.

If this ABCD here gives way (I hope it does...), the next levels I am watching are 47.00-.75 and 43.00-.75, center of areas. But 51.00 is the 1.000 ABCD and key .447 from the current ABCD area, and it very well may reverse this.

Strong move off the ABCD so far...

And then an even stronger snap reversal off the first push. Very interesting.

And then they gun it up hard off that snap back. They are all over the place with this thing. And now it is falling off that snap up. Just look at a 1-min or tick chart. I'm guessing this area is key...

Wow, just total HC^2 since it hit the ABCD completion area. I think it is more likely to move up off the area, short-term, but this is very, very curious behavior.

And the HC^2 breaks to... the upside.

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