None of the 2 recent big bearish ABCDs made it to 1.272 of it and now bears may have to pay for it. Any move above Friday's high should confirm this:

Anyone think that final push off that little ABCD might be it? A 'deep' test of the above? You all saw that sweet little bullish ABCD at a .382 and line, right?

Anyone? Bueller? Bueller? Anyone?

Nice little drop there. But will it go beyond yet one more bullish ABCD we have right here?

I'm not looking for a chart, just seeing if anyone is following these really nice setups today.

Keep an eye on 1108 for clues.

yes Jim..seen it....I am wondering if they bring it back to the price flow at 1107-1105...we have had a 1.27 move basis 60 min. maybe it sends it lower and rinses a few week players as this is such a crowded area in here.

Now here's the thing. The key .382 is at 1108.34, I have another number at 1109, but most at 1108, including my best line. So, the area is really 1108-1109. I just said 1108 to give the meat of the area, plus or minus the usual reasonable tolerance. I assume everyone understands this, but sometimes it seems as though it isn't understood. So, the ES has hit 1108.75 and is reacting slightly. That might be it if the area is to hold. I'm intraday short side bias right now, so I'd like to see it bounce and roll. It's a tough day to fight the long side, but if it gives way off the bigger bearish area I mentioned, it could really move fast. Hence, it is worth the short side bias to me given the nice trigger, in case that scenario plays out. Just some thoughts on 'context' and potential trade choice. I hope it helps in the understanding of what I am looking at.

Okay, there's the bounce to the most likely spot, and then the roll. Now it sits in the 'game playing' .786/.886 zone. It needs to accelerate down now or I suspect it is just a trap.

5-wave into the area, right on the key line. Watch out.

I'm watching 16-17 next (I switched the bias back to long side when the 5-wave completed and reacted so strongly). A move above 16 would indicate trend until close to me. Watch that 1.272 at 14.63, too, it may react there.

Two 1.272's here...

Very weak after cash finish, one point from the RTH LOD. This gives some promise for that potential bearish ABCD, especially coming into the usually weak triple witch June OpEx week after time period. I can't wait for next week and maybe some real action. Today was a real dud. Ho-hum, yawn, zzzzzzzzzzz, I need to go outside and do some work and wake up. See ya Sunday night.