The important points to look for are zones that are set up prior to the market, which are then re-tested once the market is over. Then watch what happens at those key support zones to rebuild that support.
What you are not seeing in this chart is what the other markets are doing: Bonds, Gold , US Dollar , Crude Oil and Policy.
With that in mind. I hope this chart serves as a useful construct for how markets go from balance, to imbalance (the market) and then back to balance again (crash and return to old balance levels).
Tim 1:09AM EST Tuesday, Feb 12, 2013