market survived the crash threat, but closed right near the all important lower pitch fork red line.
$spx potentially completed the triple zigzags correction.
$rut shows relative strength for the past 2 days, potentialy bottomed yesterday, and has a potential bullish inverted head and shoulder, ned to break above ther black neckline for more upside.
LT trend line and MT Fibo fan line support for $indu, $spx, $rut. both $indu and $spx brielfly below the supports, but closed right at the line, waiting for further confirmation. $rut stay above the support.
$cpc closed right above the bear mark, intraday spike was much higher.
$trin closed right at the line.
all at the critical levels, tomorrow is the decision point,
8:30am ET highly market correlated initial jobless claims could also be a clue.
it's a do or die situation.
tomorrow, if condition 1, bulls are dead going forward.
if condition 2, correction is completed, bears will suffer going forward.
trading plan for tomorrow updated to members.
earlier the market survived a crash today as continous monitor and extensive updated to members, it was very very close, only a line , a time away from a flash type as the t/a comparision charts show the setup. and right in time, at the exact same time, with the Japan new power line near completion to solve the crisis news to move the market straight up.
potential crash setup updated to members. the same one i used to catch the flash crash hours ahead of May 6, 2010's flash.
$rut relative strength in the past two days, also higher than yesterday's low, also is a non-confirmation of the market melt down.
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