Critical Inflection Point...Here's Why

Ok I spent the last 5 hours since the close at 10 am my time doing work in everything and anything.  I can sense this is a huge turning point for the tape.  A very big inflection point.  I wanted to go into great detail here to show you visually why holding support and not allowing a ton of downside is Such a Big Deal.

I did an enormous scan and refresher of everything going on in the indexes, foreign markets, our domestic sectors, and sub sectors, with extreme detail of what's under the hood in Micro-Land across all those said sectors.

Here are like 60+ charts....they all are saying the same thing....

....there is room for a little bit of downside...in their respective base patterns/counts shown...

But they DO NOT ALLOW FOR A LOT OF DOWNSIDE...that smashes hugely important support levels and key levels for TA patterns and EW counts.  If they start to deteriorate in earnest...it's a MEGA WARNING that FLOOD GATES could open.

I tried to put a Red or ALT bad level of support and or a target on the chart so you could literally see on all 60+ of these what i mean.  Many are not a little % down move...but big % drops on the event this support doesn't hold.  This is 60 pictures of how if SPX breaks down a 2530/2400 handle isn't far fetched.  Again reiterating how important the next few sessions and week or two are!

Why I'm paying such close attention right now...we really need bulls to start taking this up in earnest...or it will begin to fall and cascade on its own weight....

FXI - Primary Analysis - Jul-03 1446 PM (1 day)
FXI - Primary Analysis - Jul-03 1446 PM (1 day)
NFLX - Primary Analysis - Jul-03 1313 PM (1 day)
NFLX - Primary Analysis - Jul-03 1313 PM (1 day)
HON - Primary Analysis - Jul-03 1426 PM (1 day)
HON - Primary Analysis - Jul-03 1426 PM (1 day)
BA - Primary Analysis - Jul-03 1241 PM (1 day)
BA - Primary Analysis - Jul-03 1241 PM (1 day)
NVDA - Primary Analysis - Jul-03 1314 PM (1 day)
NVDA - Primary Analysis - Jul-03 1314 PM (1 day)
PKG - Primary Analysis - Jul-03 1316 PM (1 day)
PKG - Primary Analysis - Jul-03 1316 PM (1 day)
MMM - Primary Analysis - Jul-03 1423 PM (1 day)
MMM - Primary Analysis - Jul-03 1423 PM (1 day)
CMA - Primary Analysis - Jul-03 1238 PM (1 day)
CMA - Primary Analysis - Jul-03 1238 PM (1 day)
LEN - Primary Analysis - Jul-03 1256 PM (1 day)
LEN - Primary Analysis - Jul-03 1256 PM (1 day)
JNJ - Primary Analysis - Jul-03 1254 PM (1 day)
JNJ - Primary Analysis - Jul-03 1254 PM (1 day)
LMT - Primary Analysis - Jul-03 1258 PM (1 day)
LMT - Primary Analysis - Jul-03 1258 PM (1 day)
ETN - Primary Analysis - Jul-03 1245 PM (1 day)
ETN - Primary Analysis - Jul-03 1245 PM (1 day)
XLI - Primary Analysis - Jul-03 1440 PM (1 day)
XLI - Primary Analysis - Jul-03 1440 PM (1 day)
WMT - Primary Analysis - Jul-03 1420 PM (1 day)
WMT - Primary Analysis - Jul-03 1420 PM (1 day)
HLT - Primary Analysis - Jul-03 1251 PM (1 day)
HLT - Primary Analysis - Jul-03 1251 PM (1 day)
ROK - Primary Analysis - Jul-03 1349 PM (1 day)
ROK - Primary Analysis - Jul-03 1349 PM (1 day)
SWKS - Primary Analysis - Jul-03 1408 PM (1 day)
SWKS - Primary Analysis - Jul-03 1408 PM (1 day)
BAC - Primary Analysis - Jul-03 1419 PM (1 day)
BAC - Primary Analysis - Jul-03 1419 PM (1 day)
MET - Primary Analysis - Jul-03 1310 PM (1 day)
MET - Primary Analysis - Jul-03 1310 PM (1 day)
XLV - Primary Analysis - Jul-03 1441 PM (1 day)
XLV - Primary Analysis - Jul-03 1441 PM (1 day)
APD - Primary Analysis - Jul-03 1242 PM (1 day)
APD - Primary Analysis - Jul-03 1242 PM (1 day)
XLNX - Primary Analysis - Jul-03 1416 PM (1 day)
XLNX - Primary Analysis - Jul-03 1416 PM (1 day)
ORCL - Primary Analysis - Jul-03 1315 PM (1 day)
ORCL - Primary Analysis - Jul-03 1315 PM (1 day)
BIDU - Primary Analysis - Jul-03 1427 PM (1 day)
BIDU - Primary Analysis - Jul-03 1427 PM (1 day)
EFA - Primary Analysis - Jul-03 1445 PM (1 day)
EFA - Primary Analysis - Jul-03 1445 PM (1 day)
JD - Primary Analysis - Jul-03 1253 PM (1 day)
JD - Primary Analysis - Jul-03 1253 PM (1 day)
ABBV - Primary Analysis - Jul-03 1421 PM (1 day)
ABBV - Primary Analysis - Jul-03 1421 PM (1 day)
DHI - Primary Analysis - Jul-03 1235 PM (1 day)
DHI - Primary Analysis - Jul-03 1235 PM (1 day)
CFG - Primary Analysis - Jul-03 1239 PM (1 day)
CFG - Primary Analysis - Jul-03 1239 PM (1 day)
XLY - Primary Analysis - Jul-03 1442 PM (1 day)
XLY - Primary Analysis - Jul-03 1442 PM (1 day)
CHKP - Primary Analysis - Jul-03 1238 PM (1 day)
CHKP - Primary Analysis - Jul-03 1238 PM (1 day)
WUBA - Primary Analysis - Jul-03 1414 PM (1 day)
WUBA - Primary Analysis - Jul-03 1414 PM (1 day)
FEYE - Primary Analysis - Jul-03 1248 PM (1 day)
FEYE - Primary Analysis - Jul-03 1248 PM (1 day)
MAR - Primary Analysis - Jul-03 1300 PM (1 day)
MAR - Primary Analysis - Jul-03 1300 PM (1 day)
CTSH - Primary Analysis - Jul-03 1237 PM (1 day)
CTSH - Primary Analysis - Jul-03 1237 PM (1 day)
FITB - Primary Analysis - Jul-03 1249 PM (1 day)
FITB - Primary Analysis - Jul-03 1249 PM (1 day)
FDX - Primary Analysis - Jul-03 1248 PM (1 day)
FDX - Primary Analysis - Jul-03 1248 PM (1 day)
XLB - Primary Analysis - Jul-03 1415 PM (1 day)
XLB - Primary Analysis - Jul-03 1415 PM (1 day)
CCL - Primary Analysis - Jul-03 1239 PM (1 day)
CCL - Primary Analysis - Jul-03 1239 PM (1 day)
SHW - Primary Analysis - Jul-03 1405 PM (1 day)
SHW - Primary Analysis - Jul-03 1405 PM (1 day)
MCD - Primary Analysis - Jul-03 1300 PM (1 day)
MCD - Primary Analysis - Jul-03 1300 PM (1 day)
WYNN - Primary Analysis - Jul-03 1415 PM (1 day)
WYNN - Primary Analysis - Jul-03 1415 PM (1 day)
KSU - Primary Analysis - Jul-03 1443 PM (1 day)
KSU - Primary Analysis - Jul-03 1443 PM (1 day)
CTSH - Primary Analysis - Jul-03 1433 PM (1 day)
CTSH - Primary Analysis - Jul-03 1433 PM (1 day)
LUV - Primary Analysis - Jul-03 1259 PM (1 day)
LUV - Primary Analysis - Jul-03 1259 PM (1 day)
JPM - Primary Analysis - Jul-03 1255 PM (1 day)
JPM - Primary Analysis - Jul-03 1255 PM (1 day)
GS - Primary Analysis - Jul-03 1250 PM (1 day)
GS - Primary Analysis - Jul-03 1250 PM (1 day)
EWG - Primary Analysis - Jul-03 1445 PM (1 day)
EWG - Primary Analysis - Jul-03 1445 PM (1 day)
DE - Primary Analysis - Jul-03 1236 PM (1 day)
DE - Primary Analysis - Jul-03 1236 PM (1 day)
IBKR - Primary Analysis - Jul-03 1251 PM (1 day)
IBKR - Primary Analysis - Jul-03 1251 PM (1 day)
DWDP - Primary Analysis - Jul-03 1422 PM (1 day)
DWDP - Primary Analysis - Jul-03 1422 PM (1 day)
IBM - Primary Analysis - Jul-03 1252 PM (1 day)
IBM - Primary Analysis - Jul-03 1252 PM (1 day)
BK - Primary Analysis - Jul-03 1240 PM (1 day)
BK - Primary Analysis - Jul-03 1240 PM (1 day)
PRU - Primary Analysis - Jul-03 1434 PM (1 day)
PRU - Primary Analysis - Jul-03 1434 PM (1 day)
WDAY - Primary Analysis - Jul-03 1412 PM (1 day)
WDAY - Primary Analysis - Jul-03 1412 PM (1 day)
AXP - Primary Analysis - Jul-03 1241 PM (1 day)
AXP - Primary Analysis - Jul-03 1241 PM (1 day)
YELP - Primary Analysis - Jul-03 1416 PM (1 day)
YELP - Primary Analysis - Jul-03 1416 PM (1 day)