Last week's decline looks like the first leg down of the move off the big bearish ABCD. And this first leg down isn't necessarily over yet...

Yes, that was the basis for the area. But it 'sees' this .685 here, and doesn't seem to be reacting to this pullback tick ABCD, so that's not 'right'. They need to hit it up right here. Notice how, since this thing weakened so much, it is really 'liking' .685's all of the sudden. Very cool.

Crude is exploding. That says a lot for 'risk on'. Staying with long side bias, expecting a pop any second.

And there's the pop, before the ink was dry on the last post.

Stopped dead once again at that .685. Now forming a little flat ABCD in here. But will it hold, or is this thing done?

And when/if the flat gives way, the DT ABCD is next. And there goes the flat as I write this. Now, will that DT send it up? Or, again, is this done?

Okay, DT ABCD hit here at 40.25. Now we see.

Notice how there was no reaction at either the flat or DT ABCD's. Hence, back towards the LOD once again, stopping at the 'Game Zone'. Watch the .685 before the 'Game Zone', though, as it seems to be all about .685's in the ES lately.

Look at that, right off the .685! Now if that isn't manipulation, I don't know what is.

And right back down just as fast. What a market...

The whole correction today looks like "not finished" TD ABCD where it had not enough power to get to the usual .786-.886 zone. TD ABCD is a "weak" correction in itself and here it was even weaker ...

That's the one.