It would be quite a surprise for all the Wave 3 callers if this potential bullish ABCD would play out to the upside...

... and if it really is to play out then the current LOD needs to hold:

Nice work, jarek, as always. I decided to wait and see if anyone would start the weekly topic if you didn't, and here we are, Thursday, and you finally started it. It's kinda sad, but it is what it is...

... better late than never ...

I might have been too early with my previous D point because now we have a nice 3D for a potential finish of ABCD:





But it doesn't look good for the bulls at the moment...

I have to leave for the rest of the day. See you tomorrow

We might see a POMO manipulation huge pop here as they sell treasuries. It's POMO day at the FED and that time is soon.

Here's some areas I am watching next. 1048-47, 1045, 1039.50, 1031, 1022, 1006. These are just levels that may not even be reached, and if they are, how they are reached will add new info for my assessment. Hence, these are just levels that may be important, and may also act as magnets.

Okay, the top level has been hit as I typed this. This is also a key area that, if breached to any significant amount, would imply possible downside continuation until close for me.

Be very cautious here. My range for that 45 area is 43.75-45.75, and it hit 46 with a little 3-4-5 look to it, so a snappy little bounce may be due. Maybe not, maybe it just collapses, but it would suprise me if they didn't try to make a stand right here.

And yes, with the upper area at 48-47 and the next area at say 45.75-43.75 that provides very little specific info except the entire range is important, as it really is two groupings sitting almost on top of each other (what I call 'sub-harmonics'). Sometimes that's the way it is.

Originally posted by jimkane

Be very cautious here. My range for that 45 area is 43.75-45.75, and it hit 46 with a little 3-4-5 look to it, so a snappy little bounce may be due. Maybe not, maybe it just collapses, but it would suprise me if they didn't try to make a stand right here.

Notice it did stop the freefall dead. Notice, too, so far they can't get it off the floor.

This is giving me that feeling they want to run it straight up from here, hard until close. Maybe not, but it is the kind of thing they like to do, and it has that 'feeling'...

i have enclosed the tza trade....it is remarkable that even on the one minute, the logic of our work was there.... even though the odds had dropped to 13%, i gave the trade a little more room until the test and retest setup.. at which point the logic of the geometry said to reverse...i was gone from the short side....