Just preparing for a flat correction scenario.
Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).

So, as I was saying, this area is 84-87, but I suspect it will be making a move here to 86.75-87.25. Then we see. Truth be told, it's going to be hard for this to check back any substantial amount with 100% bulls out there. It will even be hard for it to fall of its own weight, with all those bulls. In 'the old days' the market would fall when all the cash was spent. All bulls, they spend all their cash, it can only go down. 'Nowadays' the cash is literally infinite, so it can be all bulls and rise and rise and rise. It's a new game, a new era, folks. Got to accept and adapt to that.

We know what they want to do with it...

Originally posted by rat89

let's see what they want to do with this.....

Click image for original size

BTW, nice charts, crew.

This is such an area for the ES right here...

It might be done... I'm just getting ready, in case. I'd sure love to see that 86.75-87.25, though...

David Tepper announced today he's bullish. He says to get long, period. Get stocks. The country is on the verge of an explosion in greatness, and growth. I'm paraphrasing as best I can from the TV clip.

For those that don't know who he is (are you kidding me?), he's a multi-multi-billionaire hedge fund manager, who, in 2009, was ranked the #1 hedge fund earner in the world. This is based on information on Wikipedia, based on a NY Times article.

So, is the crisis over? Perhaps $150 trillion in U.S. debt (and obligations) alone, addressed with tons more debt really worked? The U.S. is ready to explode? One of the best investors of all time saying buy stocks at all-time new highs? VIX at super-lows?

I'm not sure what this means. I'd like to think it means capitulation, the final nail in the coffin, and it's now over. But, I've been waiting almost four years, and I'm not sure it will ever be over... Wait, did I just capitulate???

I'm not sure it has even one more tiny little leg left in here...

Originally posted by jimkane

It might be done... I'm just getting ready, in case. I'd sure love to see that 86.75-87.25, though...

Okay, it looks like they found the juice off that little ABCD. Here we go.

Look at the AAPL close on a 1-min. Very curious.