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.

Watch this .300 bounce, again.

spring on tza

It got past the .300, but this 66.50 at the high end of the KZ, well, this is... important. Decision time.

Yeah, that 50 looks nice.

Originally posted by rat89

spring on tza

Click image for original size

Pullback now to the deep end of the KZ. KZ to KZ wedge. Time's up. It might be headed for rat's 50 area. If so, look out below.

On another note, F%#&book sets another new all-time high today. Same old, same old.

There's a really nice retest of that key support area. If they are going to run this, this is where it should launch.

Spy fib cluster:
212.08 – 181.46 = .886 at 208.59
201.84 – 186.93 = 1.46 at 208.70
207.95 – 205.79 = 1.27 at 208.53
And last little intraday dip leading into 2 pm:
208.23 – 207.78 = 1.618 at 208.51

first fall, and rise to .786 - .886 range to retest line

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.