This continues directly from #4. We are at max stall for bulls, something has to break and odds heavily favor a bullish move to 3110 in less than 24 hours, with 3130 extension Sunday night.
This is the 22-min bar chart that best describe trend action of this move.
In chart above, there are some details I want to talk about soon, but the main points are:
- as long as bold arrow holds, yellow route is base case, default case, and ONLY CASE
- if price moves above the "x" between red and black arrow, it's on like Donkey Kong!!!
- gray hi-light is what would happen if bears some how break under blue arrow
- AND HOLD IT FOR 2-4 HOURS
- I do not take it seriously because if yellow fail... IF IF IF
- there's several more stair case scenarios way before we get to gray move to 3005
- it's just there to illustrate max pain if bears get ferocious