2:11 - RUT looks more like a bear flag to me. Fighting channel support if you take the pop out this morning. In defense of the bull case, sure looks like the 30m MACD is trying to bull cross here, BUT RSI is stuck at 50 and has been which is not good.
11:54 - For those of you that love triple bottoms and bull crossing MACD's on the 30m charts - here you go. I see a right shoulder forming - don't you? Target is the last low at 10? What a fit that would be! Now if we can get that 30m MACD to cooperate we'll be in business. 60 would be a nice height of the RS, but the 30m 200ma can hold here if it likes. Of course it could just continue to melt on up.
10:51 - SPX at Island support. These things are amazing to me.
10:46 - DOW fractal to Friday update. Pop time? We'll just have to wait and see.
10:02 - All is well. Stop investing and get out and get some early Xmas shopping done. Nothing to see here except that Island bottom left at 1049.
RUT and DOW will have taken out key round support levels at the open. SPX will be on the number and NAS is in orbit is some other solar system seemingly not correlated (IMO) to the other indexes. It is very rare the minis gap like this. The fell right o the 37 low and stopped. We've learned from the 30m charts to pay attention to the MACD bull crosses here and especially at support. Now, they can embed and without Shalom to spark the market this time, support may finally crack and let go like we all expect. Note the apex of the sky blue triangle later today. May be a key moment. I'll be back after the big blog post is done.
