It does but now you have to use weak S&R that we are used to seeing break in a heart beat. SUCKSSS edit: Also since jan 1st i felt like the market has been much more manipulated than usual. Probably just me though...
On the other hand, trendlines seem to work better. It's no wonder why we can't break lower at the moment.
If 860 swing low area failed to hold, Dec low in the 820 area is the target. Edit: Longer term planning ...