We have a nice potential double bottom that could play very well into the usual Sunday night - Monday strength. This 100% retracement of Wave 1 of the move off our bullish ABCD doesn't fit well to the scenario of a really strong trend up starting here, but the move to the usual area off this ABCD should be good enough to deny all the Wave 3 callers right away:

... especially that commodities might suggest a 'risk on' mode for the nearest future.

Gold has its own target area in the all time high territory for the move off a bullish EXP ABCD:




Last bottom in crude was in a very important spot:




... and copper is throwing one bullish ABCD after another in the move off a big bullish EXP ABCD:

nice charts.. you got my vote....

Yeah, that's some great work, jarek.

How completely odd. It's Sunday night GLOBEX, and the futures are... up. Isn't that like 49 out of 52 times in the last year, or something like that?

After some initial success bulls were stopped dead on by this 1.460 DB ABCD:

Roofer's green set doesn't cease to amaze me:

Nice charts. Amazing how it liked that DB ABCD, and even did it under the Sunday night GLOBEX/Monday pressure.

This may be done right here, but if (and this is a big if) this keeps selling, if it can 'plunge', I am looking around 47, plus or minus, for a bounce to perhaps start.

Why might it be done right here? 1.272 and key SL, among other things.

roofer's SL set ML is at 55.

Small 1.128 'retest' of SL. This is it, decision time.

Great work, eric, right to your area.