The question is: was this already it, 1 day and 9 points away from our perfect 'symmetrical' target or yet it needs to reach the 1.000 ABCD regardless of the time factor:





This 3D at spike line might suggest the former, but if it breaks to the upside it might break the whole ABCD as well and go up, up and away as per Jim's scenario

This is a 5-month new high.

jarek, can you update the daily chart? This is it. The last chance.

Curiously, the commercials have been building up a good-sized short ES position, and they are wildly short just about every currency except the dollar. Very interesting, as the key area jarek pointed out is hit in extreme bullish fashion, and the Euro ABCD fully gets hit, and so on. Very interesting.

Here is our daily chart. Still not invalidated IMO:

Nope, not even close to being invalidated. And look at this last minute reaction here. Could this be the start of something big? Have the stars all lined up against the bulls, finally?

Could this have been one of the most perfect of a perfect timings in the history?

3D with a SL at a 1.272, with an extra little push on drive 3, and they start dumping, and all this one tick over yesterday's high. Fake out, or real? The curious thing is how often this has been a trap, many are sick of it and won't bite in here. Then it gets killed... Just a thought. It makes sense, the Sunday night GLOBEX/Monday thing has to end, the streak has been unprecedented in length and obviousness, it comes to an end as the bear resumes, right off our areas???

You beat me on that post by just a minute, as usual.

Thanks, jarek, I may keep that one to post and toot my own horn down the line.

Originally posted by jarek

Could this have been one of the most perfect of a perfect timings in the history?

Click image for original size

And look where this first (?) push down has ended

What a cool day, and incredibly interesting close... I can say for sure the bulls are really, really cocky and optimistic right here... What's that saying, pride cometh before a fall???

Too frickin' funny

Originally posted by jarek

Yep - very interesting finish to what looked like yet another day from "Reminiscences of a Grilled Bear"