Hey folks... a lot is hitting the fan at once. We've got the potential trigger for an Intermediate Top: Bitcoin liquidation showing up everywhere and liquidity being raised across the board. The key chart to watch is the weekly ES. We're seeing an outside reversal that occurred right at an all-time high, a classic point at which the market tends to form an intermediate or larger top. These events don't happen often. I've been around for 46 years, and I've seen a few. The '87 crash set up something like this. I'm not predicting a crash, but a very emotional 5 to 7% decline off the top is quite likely here. open.substack.com/pub/kendal… I'll go into great detail on Sunday's Substack. As many of you know, I've been sick, unfortunately, because I didn't get to do a YouTube video last night when I saw these breakdowns happening. But it's okay. It's not as important to catch the top as it is to recognize a significant event and know how to play it going forward. In the background, we still have a geopolitical situation that could heat up over the weekend, exacerbating things. I don't necessarily think we have a Black Monday situation here. If you haven't, go to my Substack and read what really happened in 1987 it's a worthy read. I do not think we're in those types of moments, but there is significant movement here. This is a classic 3-bar reversal chart. If we close lower next Friday, we'll have at least another three weeks of lower prices. Target looks like a potential of 7000 at the moment. Signal bar... outside reversal bar at the 7,368 close. Confirmation next Friday closes below the signal bar; the count begins. Every bar after confirmation... must make a new low confirmation bar, then bars 1, 2, 3, 4, each print a lower low than the prior bar. Previous high... cannot be penetrated, stop trails to 10 points above the prior bar's high, active from the confirmation bar onward, ratcheting down bar-by-bar. Exit on bar 4 take profit on a break below bar 4's low, or close out flat by the end of the fourth session. Week 3: Take profits. (see Graphic Below) I'll update and do deep research for Monday's Substack. Get signed up, grab a free trial, and be part of the community: KendallReport.Substack.com Reattaching the TradeIQ fact sheet AdviZe.io. Make No Mistake... This is a substantial event!