Here is an updated version of my longer term bearish TD ABCD in ES:





It has some drawbacks (especially the impulsive look of the potential BC leg) but the decisive break beneath the rising TL should confirm it.
Otherwise the rise from early July low might develop into a bigger ABCD itself:

Nice charts, jarek. That does sum up my thoughts quite well on some of my premises. As I frequently say, now we see what it does.

Hmmm, it's Sunday night and the futures are up nicely. What a surprise. How many times in the last almost a year have they not been up? Is it three? Something like that.

Up 8.75, not a bad start. Did I mention this in advance, or... did I mention this in advance? Yeah, I think I mentioned in advance to watch out for an up Sunday night. Not saying it will last, just saying this is exactly what I thought would happen. Doesn't take a rocket scientist to see the same games being played day after day, week after week...

No comments? I nailed this monster up move read in here once again, and no comments?

Most impressive to me is crude. Recall my comments from last week on how it was going nuts. Now we have the clear, explosive 'breakout'.

I'm looking at 28 next. I'd be shocked if this pattern here that just triggered a few minutes back doesn't send it there. That would also give us an up over 30 day. Recall I said the market should just be required by law to go up 10 four times per week, and over 30 once per week. The once would be on Monday, since that's the almost always up day. So, let's see if they shoot for 28 in here. In the old days I'd say it needs more correction to keep moving, but nowadays with all the moves being total manipulation, I've adapted to longer sustained moves with less corrections as they move.

And here comes that next leg...

And there's a touch of the HOD. Watching 28 next.

Definitely not strong impulsive up action. I'm surely cautious they could snap it down, but most of these monster Mondays have no selling, and close at the highs, so I see it as unlikely any selling could take place. Still, I am cautious when they double top it and it acts weak.

There's the new HOD. Not real strong, impulsive action, but I've seen the impulsive action start after a new HOD like this, up to the next level. We'll see.

I guess they will have to be happy to close this near the high tick for the move, and right at the RTH HOD. I know I'm happy with how that coil play played out.