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Trade well!

quote:

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Originally posted by EricD

78.20 spot on Jim..like always...i wish i was up at night went it printed it.

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Must have been a coincidence :-)

Nice charts, Jarek.

We might even have a possible Roofer's The Trade setup with a nice flat set and a multipivot line, suggesting a drop to the sub 900 area:

Well, testing that last correction area would make sense, but I'm a bit wary to call the end to this trend with just one down candle. But it surely is something watch for. I'd just need a little something to set me up.

Hey, did anyone see that TD in sugar? Not that I think sugar can go any further, but it was still a 'sweet' setup for some potential movement. The set on the ABCD on my chart hit to the tick, and I had another set right in there.

Notice on CL what just happened? ABCD pullback hits at just after 10 AM, then it does a 'W2' flat ABCD and then explodes 79 cents out of the hole so far. Now we have a potential bearish ABCD to see if this is a 'W2' and 'W1' was one of those 3-wave moves. Key, key spot here to see if that high is going to hold and be significant.

Anyone get long the ES on that pseudo-4PT with little ABCD in the CD leg that completed at 12:47?

Watch this area here at 86 very closely. If it is to get to that 90-94 area, it has to get past this spot first.

So far CL acting like a W3 here on the way up... No reason yet for me to even think about getting off the long side. The clues on this one today are just fantastic, in my opinion.

Okay, watch this checkback here in CL, and in the ES. Watch the money flows.

ES 90 coming?

They want to close that gap sooooo bad. But can they keep this game going? I don't see why not. Just call helicopter Ben and he'll print up another couple trillion.

7.5 points off that 1.272...