Accumulation Monday?

That's how I ended this weekend's very long post. So far, although it is very early, I like what is developing.

 Having a relative positive divergence is good

 Having 3C lock that in with higher highs is better, we have seen that on some of the intermediate and 30 min charts, the more timeframe alignment the better.

 You see how the last accumulation zone has a rounding to it? This is because tops and bottoms are processes, not events. I would like to see this current trough extend more laterally, making it bigger and then start that curve up which tends to be a good signal for a move up, a break below a trading range with a positive divergence is also an excellent signal.

To achieve that the market can move lower or sideways in a trading range, but for 3C to make the measurements and show the kind of activity in the first chart, making higher lows and highs, we need pullbacks to accumulate.

Remember, tomorrow Bernie K speaks, the last two statements from the FAD, one from the Bernie K and one from a regional president, both hinted at more financial stimulus, so Bernie K's speech tomorrow will be closely followed.