I agree Robbb...not ready to crash yet. I can't make up my mind...

I agree Robbb...not ready to crash yet. I can't make up my mind if the DOW and SPX have now formed descending tringles (with a bit of intraday overshoot from oct 10 crash day) or if in they they have n fact formed equalzteral triangles from which they started breaking down 4 days ago but in slo mo.

whatever they are I think it is all to do with the bollinger band on the weekly charts. that last fall was a doozy and we need to catch up.....hence the continuation pattern.

Looking ahead I wonder if the uncertainty leading into the Nov 4 election may not be the final trigger.....that would place the price and bolly band nicely by then. If they are descending triangles then around 6000 may be the final touchdown.