Looks like we may now safely concentrate on the upsloping sets instead of the downsloping ones:




The history likes to repeat itself and similarly to last year the July low at 38.2% was likely it. We still can't exclude a possible big flat that would retest that low, but Jim's scenario of "up, up, up and away" is in my opinion much more likely. In such case after a clear acceleration through the rising ML, the upper ML at 1340 should be the next target.

Swoooooooosh! 1.272 and 3D gives way. Talk about having a tiger by the tail. Trend following mode in full swing. Let it ride, as they say.

1197. Got to wonder if they'll come in for at least a bounce in here. 92 area is a serious price flow zone if not.

Good morning Jim! Nice drop while I was asleep

The immediate target for the decline was already reached:





Look at the classic test at retest at the upper ML

95.25. Watching 92, if it gets there.

We may also count the bounce spot today as a D point of a .886 standard ABCD:

If it comes to my downsloping adjusted set it is just line to line so far:

This would probably be the count if the bullish ABCD above fails:

... but it may go down as far as the Game Zone below and still be viewed as the move off the bullish ABCD:

Thanks - it seemed to me, that they were somewhat closer. Must have been too tired yesterday...