Just getting ready... Champing at the bit...

I can't imagine in any wildest dream I could have this not heading straight for that 21 area. But, you never know.

I'm not expecting much before that 21 area, but if they wanted to bounce it a bit before then, this 29.25 area would be the spot.

If this 1.75 points here is all it can bounce, that would show profound weakness to me.

Yeah, it pushed it up a full 2 points. That's not so weak. Now let's see that 21 area.

Okay, with one more push on much lighter volume that may be it for now. 'They' know just how dangerous a test of the 21 area could be. So, I'm expecting we may see a 'substantial' bounce in here.

Every time this bounces at all it weakens severely at the very first very short-term level it hits. What's that saying?

I'm trying to watch this closely here, and I'm really tired, so I'm not going to try to post all the levels coming up in here. Look at the overhead TL here, do the work, it's all clear. If it's done at this area here that shows absolutely profound weakness.

It's just sooooooooooooooooooo ready for that breakdown to the 21 area.

The curious thing here is there's a key SL here, so maybe they just wanted one more stop run and then they trap some people and the 'substantial' bounce comes, then 21 area. I'm thinking that may be their plan.

Of course I'd prefer the move straight to 21 area now.

Maybe this is very close (I think it might be), and maybe it's not even in the ballpark. One thing I do think is if this isn't how it unfolds, it will be some other scenario equally vile. Sorry. I can't believe my 'golden years' as I near 'retirement' are going to be spent like this...

http://www.zerohedge.com/news/2013-08-31/guest-post-what-expect-during-next-stage-collapse