Opening Indications

I don't want to beat a dead horse, but the 3C directionality or signal from the EOD Friday  has been right on, we are still in the consolidation through price, however as the pre-market Index futures suggested, there's improvement to at least hold price in the consolidation and not slipping further.

 ***I will be updating Gold, Silver and miners along with their relationship to the market next as the PMs seem to fit very well with both short term and longer term trends and give pretty clear indications of what to expect fro each.

SPY...

 The 60 min SPY chart shows today's gap down remains well within the consolidation area as well as a larger than expected rounding reversal process. It looks like the final move of the market is going to be a bigger bang than the whimper I originally expected. With the government shut down, there's no economic data and that may in fact help the market.

 This was what the chart I posted Friday looked like suggesting continued consolidation whether through time or price, it's actually a little of each as you can see above.

The 5 min chart that first showed weak positive divergences in 3C the week of the 23rd with that Friday, the 27th seeing increased accumulation, and it has been leading since as the reversal process matures albeit larger than expected.