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.

Time for the next leg up?

I can't say I'm unhappy.

I absolutely love this, but I really didn't see this coming. It didn't stop me from quickly changing to short side bias on the second pullback on the way down, but I just didn't expect it to give much. Now it's messing with the lows.

Notice anything interesting on this move? It's impulsive in appearance, for a change.

Okay, it's showtime here at the lows now.

I'm having a lot of fun right now. Is this a retest, or will they sweep the LOD? I am 70/30 for retest now and no sweep.

They got the sweep! I am quite surprised. Let's see if they snap it now, or not. I can't see persistent selling happening, but you never know, I haven't felt it would get this far. I'm still short side bias, so if it does, great.

Lots of stuff here. If this can't hold, it could get going.

I can't imagine it doesn't at least bounce here off this 76 area.

Next higher timeframe area is around 64, the same price flow from before. But it should start bouncing here in earnest.

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.