The geometry in ES is also there:




The question is: will it reverse right here to give the Wave 3 callers some more hope or will it accelerate to the upside to deprive them of it straight away?

It sure doesn't look like up at this point, but sometimes they set it up this way. It looks down, they drop it below to catch stops and suck shorts in on the 'breakout', then they gun it up hard. It's amazing, for sure, how many times they've 'tested' this area and it just keeps holding and bouncing. What a market.

Okay, another hint it is about to explode up. Another false start, or is this it?

Well, admittedly not real impressive, but that was it, the area did hold, the EXP 3-4-5 was the read. Now, granted, it may be done here, and it surely hasn't had any 'frenzy' buying like they do when the machines pop a cork, but the ABCD and ending move did unfold as we discussed. Very choppy and boring, but also very cool, in my opinion.

BTW, notice the TL on say the 3-min right in here. It would be too obvious for this to just roll down off that. Trap time, or strong pop up and over time, I strongly suspect.

And up and over the TL it goes, for another strong up day. That's now 6 out of 7. As I said in my monthly commentary, likely we may rise all through Sept and Oct, as that would go against what everyone thinks, and would really be politically advantageous for the administration as the Nov elections approach. Just a thought.

Nice first move off our pattern indeed. But isn't it exactly the area where it should be now corrected?

Yes, jarek, especially after breaching that TL, which likely drew in a lot of new longs on the 'breakout'. But I'm watching the 'backtest' here.

This should be the target area if this really is W2:

This is just awesome cool. They take it over the obvious TL to get the new longs in and perhaps to stop out the shorts who are holding on and finally capitulating on the 'breakout, only to let it go to the area of jarek's chart, and then they dump it. Now that it is dumped right to here, will they come right back in??? The games they play on see-saw days are just incredible to watch. Personally, I believe that one can 'game' the games and use that to contribute to an edge. Thinking they would get it over that TL and then play additional games was a very high probability scenario, in my opinion.

W2 ABCD in the making?

Plus 9.50 now. Not too bad.