Criteria 1b-1a throughout the day which means trades which anticipate a breakout and or base break.
The red diagonal line in the 15m chart above represents the cycle price and time projection I drew before the market opened this morning based on the symmetry of the cycles shown below:
The fuchsia line in the chart above reflects the cyclic trend line (a la Stevenson PTT) where a close through that line would indicate the beginning of the next regular cycle. A partial decline followed by a return to the $152.25 area would be pretty bullish.
The sketchiest thing at this point is the lower high scenario indicated on the 65m (also a reverse divergence currently) with the 15m showing a 2b criteria (Head & Shoulders pattern on the 15m 3/10macd).
Also should point out a potential reverse divergence between the S&P price vs. S&P breadth.
S&P Advancing/Declining (left) and S&P Up/Down volume (right)
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