Starting it off.

bull and bear cases both still intact after the fed. today is very important....

double .685 at blue arrow

This thing has followed the script I had last night (well, and yesterday, too) almost dead on (no claims, just an opinion). I wish I had posted it last night. Anyway, any students of mine can feel free to ask me and I'll show it all. That's the best I can do until I can do more in here for the well less than a handful of people who are in here. I guess I'm having trouble get my 'motivatory' working... Anyway, as rat mentioned, we are in critical times here, and the move up today, the obligatory 20+ point move to make the entire drop back in one day that I wish I would have posted last night, stopped pretty much dead on the area (it's just Uh-May-Zing). In 'normal' circumstances I'd expect huge selling. Nowadays, I think this tiny checkback so far is likely all it will do, and then on to those new all-time highs I was mentioning before. I'll be respectful, but that's how I see the odds right now. Recall how many times I've said that right before a huge sell, though. They like to give it 'that look' to suck in even the best. So, I'm staying alert.

Okay, watch right here right now very closely. This is 'the big test' of their intent. The retest of this 5-min chart area for the pullback. Now we should get a big clue.

Now, it could bounce to around 64 (basis June, as it's front month now, March expires this week) and then roll hard, if the higher timeframe scenario was unfolding. But, I think if it bounces at all here, it's over, it's not 'correct' behavior for more downside.

And the bounce starts as if on cue.

CMG, a favorite long play of mine, is looking good again today, as usual.

It goes without saying I'm long side bias now, not thinking give the short room to breathe and expecting a reaction off the 64 area (64 is 'center of area'). It may happen, and then I'd be 'duped', but I don't see it. Let's see.

Initially is sure 'sees' it. A fast blast up to the area and recognition. Sounds great, right? Everything going according to plan for the short side to resume? Let's see.

Just a quick aside. I think the odds are like 99.99999999% that Sunday will be 'up'.