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jarek
Rep: 94
Posts: 3,474
Here is the update of some of the long term charts I was presenting here in the last months.

After dozen or so of unsuccessful attempts to overcome the upper ML DJIA has moved decisively into the direction of the main ML. However it didn't reach it and is now hovering around the division line:

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Copper shows no respect at all to its long term natural set moving through its lines back and forth:

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Crude is still hovering around the ML of its long term Schiff set what in my opinion looks more and more like just a pause in its long term upward march:

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10Y yield is again approaching the potential neckline of its long term inverse head and shoulder pattern. If the rise doesn't stop here we may see much higher rates pretty soon:

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JI
jimkane
Rep: 3,058
Posts: 33,089
Nice longer-term charts, jarek.
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmm, Sunday night and the futures are...drum roll...up. Now let's see if they can stay that way and make it 23 for 25.
AL
albert
Rep: 99
Posts: 3,094
Very nice.

Al Kamego
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JA
jarek
Rep: 94
Posts: 3,474
Today's high was right on the line of an important set:

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JA
jarek
Rep: 94
Posts: 3,474
And now this nice little Kane 4PT:

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JI
jimkane
Rep: 3,058
Posts: 33,089
ABCD at key line here. This is a super-important clue area. I don't see this moving down much here, as per 'context', but this area is worth watching closely, because if it does move down, it's a big clue.
JA
jarek
Rep: 94
Posts: 3,474
And here is this potential ABCD:

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jimkane
Rep: 3,058
Posts: 33,089
That's the one. And after a little overshoot, it sure 'sees' it right now. Let's see if it can get any traction.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is a great example of 'think areas, not exact points'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Key line here stopped it dead.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nope, it just slept for the rest of the session. It will be fun to watch Sunday night in GLOBEX with this trading in the upper end of the recent range. Will it be 24 out of 26 up sessions?