So Friday's action didn't give us the answer to the question which of Kane ABCDs pointing in different directions will prevail and both are still in play. Here are the 2 sets I'm watching for earlier clues than taking out respective ABCD's highs:





Both were very well respected so far and should be watched carefully. The fact that the downsloping ML of the smaller set contained the bounce 3 times in the last 2 days might suggest that its lower ML could be the next target. At the same time the last action might be considered as coiling around the ML of the bigger set and once the drop starts it might not stop before reaching the downsloping ML of the bigger set around 1030.
On the opposite side if we get the usual Sunday night - Monday push to the upside, then upper ML should be the target and last high would be in danger.

Crude is just on fire here. Notice the big move back into 'risk on' again.

Kane DT ABCD completing at 0.382 Fibo Retrace & KAne 4 PCP.

Al Kamego

Careful right in here with crude, that run may be done or need a bigger correction now.

That was it for crude, it turned out.

Look at the ES in the after-cash! I did switch to short side intraday bias after that 'failure' at that high area I mentioned, but I had all but given up on any real downside, and then 'swooooooosh!'. Wow. Right now I don't care much what it was that happened, but something must have...

And after a little overnight shakeout to the upside, look at that sweet follow through!

i had hoped to hold a full position for a few months... but the geometry has spoken loud and clear.... time for caution on the short side.....

This thing is on fire. The fire of a slow grind up that looks like it could pop any second. What comical price action with this no participation market. But, they may grind it up until the close, setting it up to get it back on the up Sunday night GLOBEX/Monday thing, as two down weeks in a row should have them ready to do some serious quote stuffing to get this moving up on no actual trades. Watching the non-gap .886 area in here regardless, in case.

I'm watching the area of 1072.50-1074.50 next, if it gets there. This 71.50 here is a minor area, and may be close enough to the above to finish it. Let's see.