Good commentary, TS and Mom. Just a couple of points for Mom. That divergence you took was ok, but do you appreciate that the d/bottom with div. is unlikely to end up as a trend change? The "w" you have to anticipate at the 2nd low. You did this, as divergence and d/bottom. At the time, it's only a possibility that it's gonna make a "W". You already know the target, you don't have to wait. it was 595. Having gone through 564, there was nothing to stop it going straight to 595. Therefore the rollover at 583 signalled failure. Oh, and a great call on 540 bottom/ 10 min support.
I've now seen a possibility of a change in the channel slope. Does this mean that the push up is weakening? With Dow and ES closing at HOD and on decent volume, the weekend hold looks a fair bet.
Tuesday? well, considering the pundits et al say the dow is overvalued, here is an opportunity for the MMs to make a killing.... The triangle that TS pointed out has a target of 650. Just enough to persuade all the retail punters to pile in. Then the mms can drop the price and make a killing..... going sub 600.