Lot of large scale (M60, M120) sets are interesecting in 34-37 range.

Super hard-core monster.

Understand, there is a short-term (or potentially higher) bearish area at the recent high, and this pullback is the first bounce area, and it has exception convergence at that 27 area, one of the best I've seen in awhile. 'Context' is all that matters, not the degree of 'fantasticness' of the areas. The areas just point out where to play off of, if one wants to play one side or the other, or do some management.

Okay, now was that the 'retest' of the bearish area, and now down, or is this just forming an ABCD of sorts to help it over the bearish area? This is the fun stuff.

You see, all we can do as traders is play the ones we see as the highest odds (actually, the highest 'expected value', since there are times when a higher odds for 'success' trade may have lower expected value, or even negative expected value, but still could have lots of 'winners'), and then read the flow and take action, and then on to the next trade. Just because a specific trade may be destined to not play out in the optimal way to make money in that one case doesn't mean one can't enjoy watching and reading the movement and taking the required action, and learning new things. If you can't have a good time regardless of the individual outcomes, I think you should look for something else to do.

Die, pig, die!

That was fun to say, but this may just go to the next bounce spot in here and jump. I really can't imagine more selling after the big GZ test earlier, but it is a nice bearish area if it wants to sell, so I think this one deserves some room to breathe.

Bullish ABCD dead on a key area. Now we get some clues as to their intentions. I'm hoping it's 'sell'.

I'm ready for a huge pop any second now...

I hope it gets 'denied!'

Anyway, in the grander scheme all that matters today is what 'Old Yeller' does at the top of the hour. You know she'll be all dovish, and the market will love it. I'm expecting a very big pop up. It may shake a bit at first, but I think then it will move.

The linearity of that 200ma is just crazy stoo-pid, isn't it?