Price Overlap May Be The First Sign

Price has overlapped 1923.06, the first sign that the decline may be corrective. But 1970.36 remains the kingpin. And if the charts below matter at all, the ascent could soon get a little tougher.

With the new moon lurking tomorrow, we may even be "here" already, or we're almost "there."

Are we here yet?

Or almost there?

Even if 1970.36 is exceeded, signalling that the structure is most probably corrective, it might not mean that price is through with testing lower. It might only mean that if it does head lower (and the levels could be quite scary) it should eventually be bought.

And watch out for a potential asterisk.