a cheery view of spx to start it off:

I was just thinking the same thing. They came in and picked it up at the low, right where they needed to for the bull scenario that pushes spx up to 2200 area. Then they rush it up to the key breakaway area and stall it. Seems to me it's right on the line where it has to crash or shoot the moon. I'm sort of agnostic here

I rather suspect this will just check back a tiny, minimal amount, and then resume its march up. Perhaps chop a little in this upper range. The short is monster, but this has all the look like 'they' want the all-time highs, and won't take no for an answer this time. Still, for the extremely nimble, I can't see how one wouldn't be short in here.

I hadn't seen your post there rat when I did my last post. Sounds like we are seeing it pretty much exactly the same. I actually was at my comp when the sell off came. I like to wake up from a 'nap' (really it's going to bed, then getting back up when I do it that way) to watch the European open, and this one was a pretty obvious one to me, right to a spot in an ABCD and start to roll. I wanted to post my thoughts at the time but was just too focused, and too tired. I watched it hit the area and I knew that was it, and said out loud 'Okay, now time to make it all back and take out the ABCD high point there'. That big ABCD retest was more than I thought at first it would do, but that builds the base for this to easily take out the all-time highs now if that's the intention.

Relentless up. No hint at a trigger whatsoever. I guess that was good...

Hit the daily line there...

Okay, last burst to push the local area and hit the weekly line. Now we see. I am all over this situation.

All over this situation.

Seldom have I seen anything set up that nicely. Now here's the thing. This sharp pullback, this is exactly where 'they' would come in if it was a trap. So, it's a nice trap setup, and a nice blowoff setup. Now we see.

'They' didn't come in at the first trap area. Now it's at the second area.

ok, the bears blinked earlier, don't tell me the bulls are going to blink too? All in one day?

wow. amazing.

Originally posted by jimkane


Anyway, the anecdote: MyPivots, a monstrously famous and popular website, has had zero posts outside the KT private area for the entire month on November, a month I consider the trading to be 'as good as it gets', and 'as much as I could ever dare ask for' as far as trading action. What does that say about the depth of the market action, and what is going to happen when 'they', for whatever reason, turn the machines off, or can't turn them on for some reason? We all know the answer to that one...