Kicking' it off. Going to be another exciting week of the same old, same old, I think. Let's see if that late weakness turns into a big drop, or if it does what I think is the highest probability which is setting the new all-time high. Remember, though, this is a monster area with a key backtest on the daily/weekly SPX.

This is a hard-core sell setting up here. 'They' better recognize this and act now, or it's toast, in my opinion.

Of course I hope they don't come in, but I know them well after all these years, and this is the exact situation where they come charging in on their white horses.

Okay, TL has been gamed, it's all ready for a run up now. I'm not sure they have any intention of buying this whatsoever, but if they did, now is the time.

Here they come?

Same routine as always. Watch the bearish ABCD here to see if it's a CD leg or a 'W3', etc.

Now a bigger bearish ABCD. Same routine again, watch for CD leg or 'W3'. Lather, rinse, repeat.

It never seems to fail, does it, just when it is on the edge of collapse 'they' come. Just like a well trained dog. It is one of my best techniques, to watch for this.

Okay, this time instead of more specifically listing my areas, I will just say there are layers from 85-93. Note that the high for the entire move so far is 85.25. And there is the obvious overhead TL at about 84.25 (and a shorter-term one below that), so there is a lot here. This may have just been a get it off the floor and out of the danger zone move, or even a trap. But, if they gun it, you can see what's overhead that it may try to chew its way through. It depends on how long it takes, but there is an absolutely wonderful line around 94. It's all there, but I suspect we may just see chop in this range for the rest of the day, or even more downside pressure. I'm long side bias off that area it came off of, so my mindset right now, and this can change in less than a blink, is management mode.

BTW, F&#%book set yet another new all-time high again today. Again...

My old pal AZO is also smokin' off at new all-time highs again, setting them almost daily (5 of the last 6 days...).

PCLN not only hit another new all-time high today, it is pushing up on 1,500 a share. You read that right. Until this nonsense stops, the 'bull' isn't done, in my opinion.