Rising wedge look on the daily with RSI 5 divergence. MACD rolling down. 9 EMA right below. Getting my attention as a short candidate with proviso that it's a very strong stock and could still break to the upside.

60 Min chart has formed a nice tight triangle with Bollinger Bands getting tight. Found support today at the bottom of the triangle and the 100 EMA. Volume pattern is very distributional in triangle. If the techs finally weaken this could flush quickly to test the gap.

Wonder what the record is?

Agree. It's a riddle wrapped in an enigma :-)

RUT didn't like the thin air at higher altitude.

Still has room to back test the bigger wedge if it acclimates.

Will it be a Big Fat Green Diner?

...yep, if the inverse h&s plays out to it's measured move we'll blast through the tops of the wedges and should be rocketing higher in thin air.

Might possibly have double topped just now with nice divergence if it doesn't push again.

As we wait on the FOMC yet again...

Possible evening star setting up at the top of a rising wedge on the IWM daily with a little divergence. Nice divergence on recent push on the 60.

Broke out, now re-testing

No volume conviction, running 20% below Average Daily

TWTR 60 MIN CHART

Steve, thanks very much for your comments on standing aside at the opening unless there is a clean pattern with a tight consolidation -- Do you apply that rule to gaps (assuming they aren't too large) as far as entering a trade right after the open?

Here's a nice setup I found this morning on the 5 minute chart on IWM. It seems like it fits your criteria for a trade that you can take as soon as the trend line is broken….

Here's the chart

What's pretty incredible is that they aren't even trying to idea this coordinated CB intervention -- the Chinese and Koreans and Japanese and Australians - through various government agencies are all buying shares -- interesting thing is that gold only backed off a little

Seems like coordinated central bank intervention. DJ news has a report from a Chinese official who says something like "no worries, equity prices will be up sharply in a short time."

No, I'm getting an error message when I try to open the SPY update email as well.

Matt posted the triangle this morning. I was just playing with the chart. First I threw on the Fibs and saw that the whole rally back stopped dead at the 38 Fib. Then I drew the dotted TL and it would appear that the SSEC broke it's TL and is backtesting it now. The backtest, if it fails and proves to be a bear flag, may tell the tale before the smaller triangle breaks. It actually looks like an interesting swing short here on the backtest where you can keep your stop reasonably tight.

You know Matt, that's what I was thinking -- but you're a better wave counter than me! Thanks.

Obviously the way this breaks is a BIG deal. But it's kind of weird one to count -- do you interpret the last touch as D or E?