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:

Notice the 1.272 here, and the initial (tiny) reaction to it.

Just waiting on 28...

Current HOD is already in an interesting spot:

Yes, I was about to mention that anywhere from here to that 28 is a real danger zone, even if for nothing more than a pullback. And lo and behold some sellers showed up at 24.25. But the real key is what they do here at this point here at say 21.75, and if they bounce and drop, the next level, which everyone should be able to readily find. At the HOD the ES was up 26, so it's in the range of the 'big' up day, but 28 was still the most 'magic' area for this.

Anyone following that wheat I keep mentioning? Did you see that TD that completed on the 26th? Hit pretty much dead on my area, and look at that move off it.

hope trading goes well....on the home stretch on the castle.....in a few days it will be time to start doing the tedious work to find the turn down...

Hey, roofer, glad to see you in here. I caught your recent posts over at MG.

This clear retest at .886 suggests that bulls might be done for now with yesterday's 1.128:

Nice W2 for those with short side bias:

Nice ABCD, jarek. Now, notice how it is acting right here. We may get our continuation, but notice it is acting in the manner we tend to see when they don't want to let the pattern play out too much. 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.