Actually, that’s a great question. Because I confuse easily. I kinda keep things simple.
A trend line or a channel along with fib extensions. Make me happy.
Pretty basic, even boring huh.
That along with Wyckoff, I sleep well at night.

Anyway I look for danger zones.

This market just corrected from an overbought to oversold condition as evident in the chart below.
What’s impressive given the limit moves ... the ability to closed back in the new channel.
I’m looking for a move to 268.80. Will we go there? Don’t know – not my decision.
Again time will tell.