In one swoop, market action passed through the 1.272 trendline (dark magenta in the top chart) and almost touched the last line in the sand, the 1.317 trendline (orange in the top chart).
Both trendlines can also be seen in the bottom chart, both are orange, and close together, with price action on the top one, but not through it...
Again, the top chart can be seen as a 'blow up' of the last part of the bottom chart, with the rally channel added in, as dashed lines...
The high of 1131.23 reached this morning was 1.01% above the 1.272 trendline and .13% below the more extreme 1.317 trendline. Most of the time, price action has to exceed a major trendline by 1% or so for a reversal to happen anyway...
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