thanks, I'll take a closer look.

current price coincides with the top of the BB on the 15 min chart and the 9 ema on the 60 min chart.

My question: Which is the relevant line? If green, we have a successful bounce (so far). If red, we're back testing it (and could regain it). No right answer at the moment, of course.

15 minute candles have an upper trend line they have not broken, and no RSI 5 divergence on the 15 minute. With the neckline broken, I would have to see a clear reversal.

Successful 3 candle back test and move lower (SPX, 15 minute chart). 

if that neck line is going to hold, it's got to be right here.

The gap has held so far, which of course favors head and shoulders. But, who knows....

Head and shoulders - another way to view the SPY intraday chart.

Here's an interesting idea:

http://www.deepwaveanalytics.com/forums/attachment.php?aid=31589

Another way to look at the GDX price action - triangle on the hourly chart. My understanding is that symmetrical triangles usually break in the direction of the trend coming into the triangle, so that would suggest a down side break. Also, price action from the 16 high can be counted as having completed four of five waves. Down side break would be the 5th wave. But I'm not an expert EW counter, so this is not trade advice.

Thank you for this short video. I am paper trading this system, but was away when it triggered (doh!). One question: in your original video you talked about the trigger being 1/2 the body, not 1/2 the range. Are you still using that?

I'm no expert, but I don't agree with the lower trend line of that wedge. Too much white space.

On 5 min chart, it's back testing the 9ema from below. So, I am waiting to see what happens there. Nat gas daily has been a terrible looking chart for a while now. Also, note that today's price rejection at the high was, to the penny, the 9 ema on the daily chart. So keep your stop in place if you go long!

Great charts, thanks!

USO daily candle, if it holds current hammer, will be an excellent buy signal. It bounced nicely of the 20ma. 90 minutes to go....

S&P advancing stocks yesterday was a measley 4! My understanding is that's usually a very good signal for a bounce, even if only for a couple days. And the bounce doesn't necessarily have to start today. Steve, can you provide any further information? Thanks!

5 minute candle I'm referring to.

What the hell just happened w/ the futures? 13 point candle!

So far the latter.

downside target is about 1973.50