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...

Nice work, guys. So, is this .786 ABCD going to do anything more than push it down in this little ABCD here? Or is it going to sell again? The latter would be extremely demoralising to any bulls hanging around.

Notice crude breaking the range to the downside in here. I am thinking if deflation truly is the issue, and that manifests itself, crude should be under $30. But with all the monetization, it won't be allowed to happen. Point is, if left to its own I think the S&P would be under 300 and crude under 30.

I'm surprised to see the reaction off this .786 ABCD because it was visually bigger then the preceding trend. However this potential Wave 1 before the ABCD has clear 5 legs down:

possible TD ABCD here on 1 min..

Nice work, jarek.

That was a cool mini 'flash crash' in crude.

Crude grinds back all of its mini 'flash crash'. No surprise there.

and just like a true "Flash Crash" right back up...really incredible.

It's amazing, to see flah crashes now starting to manifest in commodities, too.

Yesterday I was going to post this, but didn't. I wish I had, it reacted dead off it. Now look at the .447 and key area pullback. That push up may be all it can do. Big clue time in here.

"HAL has a nice-looking ABCD on the say 195-min (or 130-min) timeframe. Anyone have the nerve to trade that one on the bullish side???"

Everything in the move off this .786 ABCD is so classic that there should be little if any doubt that we are in W3 of this move:

I would think so, jarek, but this is hanging around way too long on this 1.128 ABCD area, and 'W3's' should accelerate. If they can't dump this soon I'll start to wonder.

That's the one.