with the current 38% correction of the 13.72 rally off of the Nov 70.25 low-----or------will it decide to give the unexpected to seasonal Bulls with the typical 50% correction @ 77.10 or even 61.8% @ 75.48. A break below 78.00 opens the door for a swift panic drop to the 76-77 area. UP momentum has clearly been lost with the 3 days below 80.00. Must quickly get daily closes back above 80.00 to fight off the down momentum currently in place. Up momentum does not kick in until the first sell signal triggered @ 81.35 is negated.

The 9 day has crossed below the 20 day and the 50 day confirming down momentum. FEAR NOT ye mass of seasonal BULLS------the cavalry(100 day mov av) is coming to the rescue @ 78.39. Just remember-----sometimes the cavalry doesn't always win.

We also have an inside day, today(so far) and yesterday posted an outside day. The outside day defines the range of possible sideways for multiple days. As a general rule(% favor), if the inside day produces a break of either end of the outside day, the next day, that directional break usually brings decent follow through in that direction. If the inside range trades inside for 2,3, or more days, the first daily close that breaks the outside day high or low, will set the directional move for follow through. Nothing is 100% but these tendencies are a good 70-80%. High enough predictability, that needs respect.