Addendum: FWIW Chart

Here’s the same chart I notated earlier only at the close of the cash market. To wit:

Notice precisely where it stopped and bounced into the close. I adjusted the arrow and notated the update. Remember: That line was drawn before that touch, not after, as you can compare with the original. In technical terms we call that a “Freakin’ pay attention to this, because someone or, something seems to be also.”

© 2018 Mark St.Cyr

Addendum To The Addendum:

Here’s an update with the notations I talked about during today’s show. To wit:

 

As one can clearly see (just look back at the prior charts for comparisons) what I laid out for possible interpretations and followthrough has so far materialized as I suggested. So now it’s all about the next step in the progression, if it does come to pass. However, with that said, the odds are now clearly in favor of a worse case scenario unfolding rather, than a best.

As always, we shall see.

© 2018 Mark St.Cyr