DOW Daily
Fri's session formed a hammer - if price moves up from there, it's not too difficult to imagine the development of a round bottom
SPX Daily
Ditto for SPX daily- And, Inverted Scallop is still intact - price found support at Fib retracement 61.8
TF 5min
Partial Decline within Broadening Formation- Inverted Scallop
Inverted Head & Shoulder- No follow-through after breakout below triangle, twice
TF Daily
Increased volume on previous 2 sessions - Thurs & Fri - barely pushed price below the low of Wed's session- Fri's session is a hammer - not a very strong one, but a hammer nonetheless
There's not a single reason for me to believe that TF is going down to test its previous low. As far as today goes, I'm bullish. On the hourly, there's visibly a resistance at around 458. However, I'm inclined to think that TF could go up to 462-465.
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