Interesting week ahead with SPX dropping on Friday most in 2 months right from the levels and lines shown by Roofer. Also his old DJIA set suggests that bulls need to be aware:





Quite interestingly Thursday's high was 80 years to the day after the 16 April 1930 top of countertrend rally from 1929-32 bear market

In gold this abcd at .447 has to hold if this is really Wave 3 from February's low:

In rates we have rather strong move down off 1.272 retracement of recent 4PT:




Looks that the recent breakout from the long term inverted H&S pattern was a fake one:

Very nice chartwork, jarek. That's the rate fake I suspected as descibed in my last commentary. Some big things are in place to potentially happen right as we speak.

So, did anyone take that little long trigger there in GLOBEX? ???

Tough to get a discussion going in here...

My Friday's SPX .382 ABCD pointing to the upside failed miserably. Today's ES .382 ABCD pointing to the downside played out perfectly well:





Sign of a changing trend?

Watch this potential ABCD here very closely. I'd expect a 'W3', but if this ABCD here rolls it, that's a big 'context' clue.

It was a 'W3' as I suspected. I'm watching right here, and then the 90.25 area next, and the HOD area after that.

Watching a key line at 91.50 if this 90.25 area here can be handled. Then the HOD 93 area, then 97.75. But this 90.25 may be a bear for it to handle (pun intended?). Just staying with the long side, seeing what it does.

So, right to 90.25, where they check it back in a little ABCD to a key .300 to the tick, then right up and over. So far, everything is unfolding according to the script.

my apologies for showing sloppy work today... i was so eager to get my trade off and get in my yard that i did not dial down and see the micro gap left on open... thus for seventh day running price opened on gap on five, the computers searched out the .886, and that was it for the day... price was off and running..