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...

And there's the expected acceleration.

3 ticks from the HOD...

Watch how it acts when it takes out the HOD. Smokin' acceleration, or a snap back crush.

And they get the new HOD, just as Jim suspected way back...

No instant snap back, so I'd be looking for continuation.

I'm watching roughly 1104 and 1108 next.

But be very cautious as it stalls near the 1.128 here, that indicates a possible stop run.

Watching very closely, as that may be it. Probably they want to gun it all the way, but with such a monster rush with no checkback, it really needs one. But, with infinite money they could run the ES to 2000 with only a two tick checkback if they wanted...

Okay, there was the (small) checkback, and now the push to another new HOD, for a close right at a new HOD??? Maybe it just chops here and that's it, but I think they'd like to finish it strong, with the bears, once again, on the run. Oops, there's the new HOD before I even go this posted.

And look at that snap back! One-ticked the high and dropped like a stone. Recall how I said to watch for that, it's a program/scam they run, where they plan to sell it, but they one-tick it first and then the program hits the sell button. This way they catch stops and get a better price on their sell. That's my take, anyway. But I don't think we'll see any real selling in the last minutes here, so it most likely will just chop, I think.

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.