UPDATE - looking at the minis further it is possible that an ABC corrective is either finished or it will run to the 1169 area. This is one option. The cat is now out of the bag as to how bad things are. Even the bulltards have to admit that now. This is gonna get nasty. Stay out of the markets.
Not much to say. Gotta let it unfold and see just how carried away things get. I would be very cautious as these are the situations are where stops get blown out. I'll post something when it settles down.
Minis up close with possible rising wedge and retracements.
Minis with possible resistance points (LOL that's funny- resistance points. get it?)I think we're most interested in that lower pink TL. that is the TL off the 1216 top. The two yellow lines are the P2 rising wedge that they have broken back into. More to come later.
