Here is the update of my chart from last Saturday:





Last week's drop confirmed the big bearish ABCD from May 6th to May 13th. The minimum objective for the move off it hasn't been reached yet, so we should expect more downside in the coming week.
I'm thinking about the scenario of another zigzag ABCD right to the same downsloping line. It would alternate nicely with EXP ABCD from the beginning of the week and help to drive prices to 1.272 off the big ABCD.

Nice finish. Up and over that key line, as expected, with the expected acceleration. This is what I was talking about yesterday. Now looking for that mid-20's area next. I'll detail that later. So, up about 50 from the GLOBEX low. Not too bad. Vol is back.

Unfortunately I could not follow the session today. Isn't this amazing that today's rise reached exactly the next downsloping warning line and formed a perfect .886 Kane ABCD?





A sharp zigzag to the upside was my original concept during last weekend but it was completed at the next line compared to the one originally expected

?

jarek... I've never been so proud... sniffle, sniffle... :-)

Yeah, roofer, that's exactly what I'm thinking. There are some other things there, too, and I suspect that is what it will want.

97-98 critical test here.

Okay, what's the news. Hanging around 98, sells a little, then whooooooooosh. Jim finds the spot again...

Ah, Spain got downgraded by Fitch. Cool.

So, will they realize the wheels are really coming off the wagon, or will they reflex snap it right back up... ?

They have to reverse it off that 86.75, or it could get toasted, in my opinion.

Keep in mind, I'm playing for toast...

Jim I wish I was here also ,but was working. Jim maybe getting a private room where you can see who is actually in the room on a daily basis maybe better suited. At least then you can see who commits on a daily basis and for the ones that can't be there live for personal reasons(day Job, different time zone) can post charts at their leisure or per your request. They have software that a click of the mouse takes a screenshot and sends it directly to your room. As you usually point out with uncanny ability area after area, is it better to take a screen shot and point out the time frame you may see this on then describe it and have no response and only to refresh the forum a couple of minutes later with no response. Their can be rules in the room as if you make a comment and someone has a question but you are preoccupied with your own trading ,you flash a signal or icon saying you will answer when available. If you start to see the interaction is better and more questions arrive you may charge a fee. Your time and energy is money. I guess it is all what you want out of the forum and your members and how you want it structured. This is just my opinion to try to remedy some of the frustrating issues.