Pre-market Tour

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Friday’s gap up entered a morning-loing whipsaw range between 2647.75-2651.25. Breaking out at noon  held up high enough and long enough to trigger late bias-up. The signal wasn’t productive, but neither was it rejected, despite having ample opportunity. Its 2660.50 target becomes “unfinished business above.” It wasn’t exploited. The afternoon’s dip to 2649.25 retraced 61.8% of the morning’s range, which the close recovered by piercing a fresh high up to 2655.00.

Overnight action’s new info…
Sunday night’s open blipped-up to 2657.75 and back down again to this morning’s 2654.50 bias-up signal. The signal has supported interim pullbacks while ranging flat-to-higher, attacking and probing higher highs up to 2658.50.

If, then…
The first event of this big week has been interesting, concerning, and inconsequential. Bitcoin futures on the CBOE launched to 10% and 20% rallies, essentially separated by trading halts. We’ll be checking the chart occasionally intraday for updates. Wednesday’s FOMC statement and Fed Chair Q&A will be tomorrow’s focus. Today will answer whether rallying into the weekend was a corrective bounce that is ending at a test of 2660.50, or if seasonal bullishness just around the corner can attract sponsorship for new highs targeting 2667.25 and 2673.00. The latter probably requires triggering this morning’s bias-up signal, and its only catalysts either way are headlines about tangential news. Last night’s highs don’t require being intraday retest, so not triggering bias-up could be very productive to the downside — even without first testing 2660.50.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2657.50 would be likely to trigger the 2654.50 bias-up signal at 10:15. Exiting the open under 2651.50 would be unlikely to trigger bias-up.

Phonetic dictation…
good morning and welcome it is Monday it’s time for Monday’s morning market tour when I go to be looking at Bitcoin very often I’m going to say at least once in the morning at least once in the afternoon and I’m going to bring it up bring up the chart whenever there’s anything that’s relevant and frankly the one thing that I’m most curious about not that there is a 10% pop at the Futures open not that price improves especially in the early going for just many reasons or no reason at all I’m looking more at what happens when Bitcoin goes down its whole purpose of more liquidity more instruments to trade it more participants is greater price discovery and just to see how it goes how it goes at rating when price goes down and not just for Bitcoin but also for etherium and I’ve chosen Litecoin is another just to have a 1/3 in there I like some of the other aspects of that in the charting of it but that’s that’s what we’ll be looking for or maybe when Bitcoin actually dips that or how long it takes for money to move into aetherium and Litecoin or the others just as basically not being exposed to future’s going to see a lot of a lot of interesting questions for today is Friday that is intentional 2654 50 being the biceps right here being this is March Futures now we do have unfinished business but it wasn’t rejected unfinished business to be tested before any kind of a reversal down tries to gain Steam having said that if she isn’t tested first before this overnight range breaks its overnight low go to set the overnight range and therefore under the 5450 450 that’s just set up that we look at as far as the overnight low 54 and then clear up signal doesn’t trigger 6050 26 650 has been tested first several close by moving parts rotating planets that can make the biggest difference to whether or not proved to be only a temporary bounce before reversing down at least two testsor if there is a bigger6725 and 73 alright other markets gold Flat to hire the really in a Range 5550 is still vulnerable to extending down close by 5515 we can start looking for some kind of a Buy Signal nothing noticeably different on copper just still holding out here hanging out not extending down remember the whole problem with cut with a pattern on copper is extending down still not a silver trying to scrape out a bottom here which it may not having tested 1565 they really are 1567 there really is no unfinished business below it’s always helpful to get that done intraday but not necessary silver is One Market that often leaves overnight lows outstanding for a while but with silver regards to silver closing about 1590 would suggest momentum is going to reverse up it doesn’t get price away from retesting overnight lows cuz you have 1604 1605 would suggest momentum is reversing up long Bond up 11 ticks but really in a Range in a Range that hasn’t been rejected hasn’t been confirmed that is 153 10 still needs to recover 154 basically 150 408 154-10 to suggest something more substantial under way to the upside there is a likelihood of testing on 5408 on a break above 15312 15314 but that’s really it crude oil and only ranging around 57 on Friday that extension tire back under 50 plus natural gas under the 286 Gap under the 287 otherwise a couple days on Friday so there’s no requirement to but it is if there’s a balance it has room up to 290 before even suggesting momentum reversing up and really what I’d look for it since there’s a gap that would be outstanding below comes down to 80 or so and then recover signals that are in place and Romaine and play that is Thursday’s break continues to hold confirm Thursday’s break or deeper than Thursday’s break and that Buy Signal would go away bouncing but that’s after I’ve been confirmed all button trenching Sellers and finally missed an opportunity to recover 8920 last week on Wednesday before breaking lower Thursday and even lower Friday basicallyChen’s Garden Post in the chart room anything else to look at and I will see you there before they open good luck today

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Thursday morning’s open had attacked Wednesday’s 2628.75 lows to within 1 tick. That’s closely enough for a durable bottom to require actually probing and then recovering from a lower low. Optimism prevented completing a low, soon rallying instead to trigger the 2634.25 bias-up. Optimism persisted as its 2641.75 target was met that morning. More optimism prevented an immediate reaction by ranging narrowly through the noon hour. Interrupting the 2-point range was a blip-up that touched the afternoon’s 2643.50 bias-up signal. No-bias triggered, allowing a dip to the 2636.50 bias-down signal, which held despite the bias environment having lapsed, Optimism influenced the final hour’s bounce back up to the morning’s bias-up 2641.75 target.

Overnight action’s new info…
Still firming into the Globex open, a narrow 2-3 point range began from touching 2644.00. Eventually resolving up and extending to 2648.50 is now reacting down 3 points — still optimistically 2-4 points above yesterday’s highs.

If, then…
The not-so secret word for today is “Optimism.” And the question for today is whether its sponsorship is strong-handed, or weak. Any sentiment that is expressed relentlessly ahead of a weighty event can often be a contrarian indicator of how the market will actually and/or ultimately resolve. This morning’s Employment Situation report is one such event. Yesterday’s rally isn’t a clue. It began optimistically when a little more pessimism could have formed a more constructive bottom. And the intraday rally only fulfilled its buying pressure at the morning’s bias-up target, and didn’t recover any relevant level that would have triggered higher targets. The most important clue will be whether the open exceeds or holds the test of a relevant level. Unless and until triggering a bias signal, the relevant levels are probably 2647.75 above, and 2638.75 below.

First Trade…
[Click here to view the Bias parameters] Preliminary levels aren’t normally considered ahead of an Employment Situation report. But 2647.75 and 2638.75 are discussed above.

Phonetic dictation…
coming to a close but it is not over yet we have the employment situation report this morning and we have a situation where a potentially it’s being addressed greeted overly optimistic Lee optimism is not even from a contrarian perspective necessarily bearish optimism of course is a necessary element to rallying the extent degree in other words of that rally depends on how much that optimism can be reinforced generally it’s reinforced by overcoming pessimism optimism status that’s how much pessimism is out there the last less that needs that can be overcome that can be converted into buying so at this point yesterday is premature not being able to prevent the biceps and extended do it that morning come so close at the open and this is after having overnight again it didn’t prevent over or excessive or inpatient buying from ruling the morning containing the day but notice we get some other markers very narrow hovering at the highs not on a reaction down you can sort of see a glimpse of that when the bicep signal is touched by a reaction in the environment environment and there wasn’t any longer a requirement to hold that as support optimism is back up to the mornings bicep Target so optimism that didn’t gain tractionCountry Day High ranging narrowly from there even more narrower even there or sorry or has nearly but in any case ranging near Ali and not even waiting until waiting until the Europe’s opens before extending higher also not responding to Europe’s opens very much can see a little bit of EKG action here but the extension higher never the less briefly to a new Hive not really getting any signs of excessive pessimism so best guesses here which is really what the employment situation report is which is why I don’t generally have preliminary indications ahead of the number best guesses here is 4775 going to be irrelevant level if tested tested pre-open but if it’s test continues or persists between that window that ends when the when the cash option open is added to the opening 15 minutes of all 10:30 but since we have that report coming about an hour or 45 minutes we certainly want to 15 minutes beginning an hour and 15 minutes between the 8:30 and the end of the 9:45 may be triggering can’t dismiss the potential this being a Friday and Friday optimism is being expressed through Fridays open let alone and still not being rejected that has a good chance of carrying the day to whatever degree maybe like yesterday expressing it all in the morning before dying on the vine but still expressing it in the morning and maintaining that signal through relevant Windows probably looking at 5250 5350 let’s just say 53 as a likely objective 253 as a likely objective to the upside anything higher than that we can get out of here to retest 6725 73 potential if the reaction yesterday early enough to be the so opening under it under 35 or 36 won’t necessarily predict again with Fridays 2 days Ovilla quiddity impending start to see a major Paradigm Shift we’ve already expended all this optimism can be difficult to defend against a break under a relevant level through a relevant window by the way through a relevant window to suggest that alright and plenty of still out of attractions below there’s a 3.0go with other markets gold extending down overnight that’s not a breakout or a confirmation as well see it is and silver was but it is kind of a runaway decline big level was finally met yesterday after I publish the day we spotted at 12:53 that’s not holding keep in mind the volatility potential here you know this is the volatility not that it’s level is very meaningful anymore October’s employment situation report the prior or two months prior there was a big volatile day as well unemployment situation report silver also extending lower overnight but not so substantially not so durably and actually trading higher did it get there as close actually 215 65 15 70 which was the target range so interesting way and silver by the way it had its requirement for a eventual third lower closed breakout confirmation eventual third lower clothes for field yesterday but that’s not a bottoming pattern and then gold needs to break out above range closing the last couple days would be initially favorable still has some proving to do to establish it’s not a false break on a gaap up rally going but the more durable bottom in this pattern would fight off would defend against and close positive and that’s not being considered at this moment long Bond flat after having first challenged range overnight so we are discussing yesterday morning at this time and despite bouncing plummeting on the consensus is just a reaction alone to talk of infrastructure spending and triggering closing under the cells have been that was a pretty late so there’s some reason to be suspicious regardless overnight but this is also the timing also makes that kind of Decatur and that this is pessimism ahead of the employment situation report so we’ll take credibly any reaction to this point we do need to first of all of her clothes under yesterday’s trigger that’s the first step to bullishness the next step to being able to view this action as foolish is to actually recover the one 5406 5408 origin of that break it does look like the origin maybe that helps a little more substantial not only the 5680 resistance but also 5740 that had been the Buy Signal to that pull back limit when it was tested coming up on a couple weeks ago and then triggered briefly that does have an opportunity here I shouldn’t dismiss that potential for this on a close above 5740 shouldn’t dismiss that potential for a 57-42 basically turn this into an island last couple days that were otherwise otherwise developed under the pole back limit it’s actually the most likely scenariothat’s basically the stop closing about 57-42 any kind of short in this range looking for a fresh load 5545 450 550 plus minus the nickel natural gas responding up yesterday’s eia report from a position of strength but turned it down anyway I had already got down so really tough it was and I shouldn’t say a position of strength so much is not a position of weakness because it hadn’t yet reverse them at the Muppet at least head tested for filled and held at Target the 70 days the same days action ahead of the report is not telling but it wasn’t recovered so what we’re looking for here is some backing and filling to help form a bottom what were being on the lookout for a second consecutive lower close because that was a multi-session range Tuesday and Wednesday so Thursday’s breakout which it is a breakout is confirmed by the second consecutive lower close today that does away with Annie bottoming potential anytime soon having delayed its objective overly fulfilled it that is a confirmation on Wednesday so we’re not looking for a low and here anytime soon but also because there’s a third lower close entrenched in there somewhere I can afford to bounce bounce it should resolve down yesterday news and distractions generally surrounding this or that it’s not going to help the timing the timing is all over the place not a great candidate for trading Looney doesn’t seem interested to make an island of yesterday’s break really helping to confirm 1815 118 20 this is really the outside limit to any kind of fluctuation now now that sellers opportunity what could have been alright I’ll see you there

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Wednesday’s open was greeted at the morning’s 2626.00 bias-down signal, having recovered from an overnight dip to the 2020.50 bias-down target. Fluctuating between positive and negative territory never deteriorated and only improved. Its swings were wide, albeit narrower than was expected, repeatedly dipping to the 2626.00 between higher highs from 2631.25 to 2634.50. A late dip started too late to be strong-handed, stopping 2 points short of prior lows at 2628.00 before the close. “Unfinished business above” was left outstanding at 2635.50.

Overnight action’s new info…
That unfinished business above could have been neutralized overnight, and it was. The Globex open had recovered immediately back up to 2631.75. It was soon recovered on the way up to 2637.00, fulfilling Wednesday morning’s 2635.50 unfinished business above. Narrow flat-to-lower ranging eventually accelerated downward into and out of Europe’s opens, probing all of yesterday’s highs down to 2631.00. Bouncing almost 4 points had only pierced back above those prior highs, when RSIs diverged negatively to launch another downleg that is now piercing yesterday’s 2629.25 close.

If, then…
Closing yesterday under 2631.75 allowed fresh highs overnight to fulfill the outstanding objective. Already trending down into Thursday’s open will be predictive, depending on what that is being probed. Probing negative territory would be likelier to extend, while already testing yesterday’s intraday lows could still hold their test to form a bottom. Recovering 2631.75 and higher through the open may be the only way to avoid trending down. And simply probing back above yesterday’s highs could be bullish since the overnight action already neutralized that requirement. A lot will be known by where the afternoon is greeted, as the market positions itself ahead of tomorrow’s Employment Situation report.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2629.00 would be unlikely to trigger the 2631.75 bias-up signal at 10:15. Exiting the open above 2635.50 would be likely to trigger bias-up.

Phonetic dictation…
good morning and welcome it’s Thursday it’s time for Thursday’s morning working to her December 7th a date that will live in infamy or did everybody knows it is Vito Corleone’s Corleone’s birthday and something else happened as well and something sneak attack maybe happened overnight member we left yesterday session having held test multiple tests through the morning of the 26th 26 bias down signal multiple multiple tests that’s in the negative territory out of negative territory depository but for this little blip down at 2626 held like a rock and the interim produced higher and higher highs and having held 2626 which was the bias down signal put in the playoffs which was 26 3550 left outstanding the more that morning and the afternoon in the afternoon which had or gotten one would have come within three ticks of the bias up mornings bicep signal The Unfinished Business about the neutralize it but did not necessitating because it took so long before that afternoon range even broke necessitated a pull back to stretch that rubber band and as late as that pullback began we knew it would be weekend and the potential is down to 2628 which was tagged here right before the close because it was weak and fulfilling that late dip because it was weekends fulfilling that late dip it was possible to neutralize possible to neutralize the upside unfinished business above that is overnight so long as any problem of yesterday’s highs is neutralized to the overnight that is not recovered not recovered to probe of yesterday’s eyes during the open or at least exiting the open then I won’t ever get to the point where that ships back into becoming but it was tested overnight testing overnight retest it overnight up to 6:37 and then reacted down not just once back down into the support yesterday’s highs but after having bounce not arbitrarily within those eyes with back above those eyes starting again regrouping having a chance to limit the dip to just that one program TSA size dipping back into those eyes and lower than the first attempt low enough that we don’t know how this is going to resolve low enough that yes it is closed 2016 925 is being tested the difference between positive negative and negative predictive but it’s relevant so if the open is probing even deeper in the negative territory then that’s probably bearish probably so long as it hasn’t gotten too carried away and is already probing back under yesterday morning’s was at least 26 26 which will possibly be bearish so long as 26.60 days prior Lowe’s if tested Post open openso that the opening 15 minutesenergy so quickly as to probe under that relevant level and not maintain that break through a relevant window that would suggest not necessarily momentum reversing right back up but that support intended to hold breaking of the essays Lowe’s if yes he’s lives are tested through the open and fail to hold through the open well that’s just more of the same of this reversal where there is no unfinished business above neutralizing having neutralize that attraction above that was left out standing at yesterday’s close and yesterday’s range which is a point it out and it looks stable because it didn’t go anywhere although there was some degree of instability in that these swings back and forth and positive territory they were pretty wide albeit not as wide as expected today we did expect a lot of consternation and arguing between Up and Down based on where and how Tuesday and closed but usually that signal leads to much wider and fewer moves but in case the new Range while it looked stable because it ultimately didn’t do much I didn’t get off the mark much especially compared to last couple days to climb that’s not stability it’s not accumulation and the decline is now instead of accumulated against absorb his only paused and is free to resume or at least try to put in some accumulated Behavior to avoid trending now and so silver which turned it down yesterday stopping 1590 that would have been a pretty healthy objective and this is after multi-session range broke out so it was confirmed yesterday is now required still extending lower overnight signal that was broken into and out of the weekend and now this Friday tomorrow we have another employment situation report coming so much lower lows in play and that’s by the way seems to be an employment situation report phenomenon because there’s the last pretty much associated with the same thing one more lower closed today would for Phil Silvers minimum requirement for a fresh low close create the same requirement multiple sessions on Tuesday and yesterday at least and then for a couple months still the lower end of the range coming into tomorrow’s employment situation report overnight so 5550 so farhello it does protect add to 61.8% extension from this range from to the most relevant price points that Define this range so it is sort of room for noise room for noise meaning it can be a false break it can just be that room to accompany say silver it gets lower lows out of its system cuz they’re probably not going to divert from each other but any lower preferably close back about 1260 at a minimum to even begin suggesting that sellers aren’t really bringing it but having tested 12 5550 12:50 actually 12 d585 feeling to close above 1260 would suggest negative reaction coming to tomorrow’s employment situation report which doesn’t really prevent their being a second consecutive lower close didn’t produce as I can get her clothes yesterday so that doesn’t necessitate but it does put the test to develop today we don’t know if there is copper and it closes positive that at this stage of the formation which is essentially Tuesdays High to suggest probably in this range before suggesting or signaling let alone would have been the by signal to that about 5740 but this is where we’re going to start looking looking at the actual resolution to determine the consequence natural gas Limitedbuttrying to get the stuff out of here 2 to 80 to 81 so that low will need to be were tested at some point intraday likely or whatever the opens Gap if the Gap is lower at least the opens Gap will need to be retested intraday from above so say the open is hypothesizing here which is the technical term for spitballing 285 having traded to anyone before they open but overnight and gapping down still on 281 bounce back on report which still need if not it today someday to test at least he opens Gap from above that is really from this how I just from testing at all and potentially even before a bottom would be credible so we take away this by signal because it could be recovered prematurely and not be bullish so what is it that after the news not following through necessarily on the cover yesterday’s break which came all the way down to supportokay we took a minute there to fix this so the Euro which came all the way down to three critical support and 11790 being probed overnight the Yen this moment not exploiting that it bounced back into this critical range which needs to be recovered 8989 20 Looney if it has a bullish scenario it was going to come down at least to 7820 at but at least hold 78 305 to make a turn here attracted Higher by these gaps up not doing so well and holding that over night but that is a critical part of that setup which is to reverse higher overnight pound which broke now extending even lower and the Aussie full feeling that unfinished business below these rallies were premature no matter what they tried to do they weren’t going to gain traction while that unfinished business below is outstanding at this two-week-old Gap that was tested pretty early last night and now probing even lower alright a lot today which we have now done and I’ll come back in before the open as well if there’s any questions before then if there’s any material changes to the chart okay good luck today

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Holding Tuesday morning’s 2643.00 bias-up signal had put into play an offsetting test of its 2636.50 bias-down signal. No-bias trending tested its 2648.25 bias-up target, anyway, as the bias environment began lapsing. Any higher any later would have invalidated the no-bias. Otherwise, buyers had just expended as much energy possible to still not gain any traction for their effort. Dropping through the noon hour resumed dropping out of the afternoon bias environment. Extending down to 2628.00-2629.00 went out within 3 ticks of the rally’s prior upside objective 2631.75, within 3 minutes of the cash session close.

Overnight action’s new info…
Immediately dipping a little deeper was quickly retraced back up to 2631.75, but only briefly. Continued China weakness helped to extend the decline, along with another possible detour in tax reform, falling even lower to 2620.00 just ahead of Europe’s opens. Price action into and out of the low has formed an inverted Head & Shoulders pattern up to 2626.00.

If, then…
2631.75 was likely to be tested yesterday, and its resolution was expected to be predictive of the next move. Not resolving its test decisively suggests an equilibrium response — today’s session is vulnerable to trending aggressively in one direction, and then reversing, both intraday. This equilibrium can be negated by the open immediately extending beyond a relevant level, such as a bias target. Otherwise, we’ll expect an early trending effort, and anticipate its reversal. Already rallying into the open would be vulnerable to attacking or retesting the overnight lows, and then recovering. Extending a pre-open rally into the morning would be vulnerable to reversing back into negative territory.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2628.75 would be unlikely to trigger the 2626.00 bias-down signal at 10:15. Exiting the open under 2624.00 would be likely to trigger bias-down.

Phonetic dictation…
good morning and welcome it is Wednesday it’s time for Wednesdays Morning Market to her the word of the day maybe equilibrium come back to that in the moment first big picture there’s Monday’s brief High the basically believe rally on the Improvement or advance that is advancement in the over the weekend in a tax reform bill really just a relief rally because headlines and major advancements said then coming down the pike starting with Tuesday Tuesday and then Wednesday into Thursday so do we call it at 232 and 1/2 day rally that was just a retest after the Flynn misreporting created this huge reaction down a huge reaction to his 2626 26 so why do I go back through all of that because that’s being retraced again on now overnight news among other things continuing kind of running a little old now extended ready to bounce China’s problems stock market problems as being a negative contributor that’s contributing to Tech weakness which is more of a symptom or it becomes a vicious circle I suppose as the tech problems that we already looked at Saturday dominating the ndx which is been underperforming but become symptomatic driver and then symptomatic anyway but it also I renewed issues yesterday and today overnight on tax reform so that’s been corrected we’re also getting a little old a little extended an hour reaction down so we’re kind of right at the precipice of one or the other as I said being extended in the decline ready to bounce or ready to collapse and so of course with the market likely to do one or the other it’s going to do both that’s what equilibrium is basically that having extended by the way we extended down overnight here’s yesterday’s drop within the within 3 minutes of the 175 which drop was on its way to to producing which it’s retest before the open road Riot retest if that were at all compromised would require 2631 75 325 was tested into the clothes not dispensed with decisively it was proved it was in position to close decisively under it did not it was recovered the market was in position to recover it through the clothes did not so that’s the equilibrium at a very relevant level 2635 being objective ultimate objective which was 5725 still testing it it’s sort of an indecisiveness but it’s very opinionated indecisiveness and so the market tens and responsein equilibrium responsein both directions of course not at the same time that would be a neat trick but trending in One Direction reversing it trading in the opposite direction 7th least two different directions substantial directions today are likely sometimes 3 or 2 of one one of the other the exception is when the open has extended has done by proxy what the prior session didn’t do by stopping at that relevant level if overnight action can extend it agree that the next open compensates for the delay then forget about equilibrium last night almost 50 which was touched at the low gapping down under or extending under or just renewing the buyers down signaled by failing to Old 26 2015 through 10:15 that would break free from any magnetic attraction to 2631 75 signal is 2626 notice that’s being tested here as well as this inverted Head and Shoulders pattern forms inverted Head and Shoulders pattern with initial potential to about 26 28 75 3250 26018 extension to 36253 650 what do we know about Head and Shoulders is they often there called reversal patterns for a reason because they tend to reverse they don’t always they don’t always if they don’t reverse than they extend down how far do they extend down that’s the interesting thing because we’re at 6118 or 16018 or 26018 extension from left shoulder to right neck while that is the likely reversal potential if the head and shoulders instead of reversing continues then it’s extension tends to be a hundred or two hundred percent extension of the left shoulder right neck lines and 26 1850 maybe 26 1450 so this pattern extends down rather than Rally’s 1814 and above 5 + 3 perfect pattern to a company in equilibrium when caveat disclaimer To The Head and Shoulders that develops overnight if it doesn’t influence the opening 15 minutes about influences and 15 minutes it’s no longer influential influence during that window because it’s otherwise donesomeoneradio says break in Copperas and confirm today that could be bullish and silver also bouncing where a second consecutive lower close would be bearish so the long bond has for the first time yesterday I’ll be at within or overlapping prioritize produce the highest close of the range and this is after a couple of dips and tests of support extending higher overnight maybe it’s just stuff like the safety or it’s it’s help to buy a flight to safety that is in stocks falling but if on its own accord it can close higher today fresh how I will give it everybody for the doubt that a much more substantial rally is underway bounce yesterday the first must hold pull back low 5680 that produce the 5740 by signal that triggered very briefly so the fate of extending the near-term 6105 or 9 probably depends on holding 5680 today and preferably closing 5740 and held it as quickly preferably would be every bit as powerful a 302 or recovered and by the way it would also help the Greek tomorrow’s report from a position of strength currencies that would be pretty substantial pretty effective needs to be maintained through the clothes otherwise it would have been bullish or at least maintaining it today’s the day will resolve but the pattern is to give back the Gap up if that pattern can be broken today by not returning the Gap up then we could have a another rally leg and extension of the leg off the low in order to seal it’s basically 133similar to the

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