Welcome back everybody! Here is my refreshed view of the current situation in ES.

The scale of the recent move up made it very improbable that the move off April's high is impulsive to the downside. Thus it should be considered as correction of the March 09 - April 10 rise.
The question remains if the early July low at .382 was IT if it comes for the whole correction. In my opinion the time factor makes it rather unlikely since it lasted less than 1/5th of the preceding move.
Therefore I'm looking for a bigger ABCD from April's high with its CD leg still to come. The BC leg of such ABCD should be an ABCD itself and that gives us few spots to watch on the way up. The first one is already at Friday's high:





We have a nice potential bearish TD ABCD right at .786 and X marks the spot. Interestingly the bigger ABCD with such BC leg would finish right in the 900 area, which was mentioned here couple of times...

Anyone been watching/trading wheat lately? Now, that is insane. It's doing a sugar.

So, it topped out at 1103.50, with a one-tick program game, close enough to my 1104 area to say my post was 'dead on' (given the usual tolerance for an area and that I only post the appx. center in order to get the post out in a timely manner). It sold more than I actually expected (6.50 points), I guess it was some 'profit taking'. That checkback sets it up nicely for the next leg up in the Sunday night GLOBEX/Monday game.