Starting it off.

Okay, it 'sees' it with a very strong response, but, it's right at the area where it would have trouble if this is a trap, or just a lead in to chop. So, watch closely and observe, from a learning standpoint, all that follows.

See, though? See how I knew pretty much exactly where it might have trouble? Now it's back down for a possible 'retest', or a possible dump. See the time of day? Recall the propensity for chop after a move, at this time of day? How can this not be useful info for a very short-term trader to study...

My gut is, they dump this.

Maybe not below the key level from the LOD, which is an awesome area, but from this ABCD, to push on that key area, see what happens down there. But we'll see.

Okay, watch now.

So far it can't even handle the smallest backtest area.

There 'should' be a big pop up here if 'they' were going to run this up.

Okay, watch here, this is where it most likely would stall if they aren't going to keep this expected pop going (again, in my experience).

Okay, give it to me, baby, let's see what you got.

58.75 is a tough little spot for it.

So, this is what recovery looks like in 'exceptional' AmeriKa? 2008 was the 'wave 1' (crisis-wise), and I have less than zero doubt 'Wave 3' is going to be quite an extended wave, not one of those 1.618 multiples of 'Wave 1' (again, in severity of crisis, not stock market values). I've been saying for a long time now "America is gone". Now I see I'm not the only one. The whole planet is gone.

If any written history survives (something I'm not so sure about), they will look back at this period, of when we were in the eye of the storm, a storm that gained a tremendous amount of strength while we were in the eye, and muse about how no population in history has ever deluded themselves this much (not just the U.S, but the world, as I see Europe being a bit worse off than we are (yes, I think, mathematically, that's the case), and Japan and China as complete jokes). They will wonder how we could even do this, pretend we are fine when the world was burning around us (normalcy bias to the umpteenth power), waste the only chance we had to salvage something, and we just sat back, let the power-mongers make it a lot worse, loot us fully and completely.

But, I've come to conclude it just has to play out this way. Something worse then WWII and all that suffering just is in the cards, it has to happen. It has to, because we didn't do anything to stop the groundwork from being laid over the decades. Bye, Bye, AmeriKa, and world. Bye-Bye.

http://www.theburningplatform.com/2014/07/10/shock-report-70-million-people-would-be-starving-in-the-streets-without-government-welfare-programs/