As it turns out the Tuesday low was exactly at longer term geometry - x marks the spot formed by lower ML of our upsloping set and division line of a big Schiff set anchored at Apr-Jul decline and Jul-Nov rise:



The recent bounce reached exactly the ML of a smaller Schiff set and unsuccessfully challenged it 4 times already:




If the recent top was an important turning point that line should not give way in my opinion. We could have an answer as soon as the trading resumes in that matter

Another small one against the big one. This time a nice KZ bearish setup, which the market clearly sees:




Once overcome should strengthen the move off the bigger bullish ABCD

As expected bulls are back in the driver's seat. If this most stretched DB ABCD gives way, than the Game Zone with some important lines would be the next target:

Looking at higher timeframe the battle here could be even more significant:

I have to admit, I didn't think they'd sell it back down for a big 'test', but ultimately they did react off the key bigger ABCD area, and now I got my expected move underway. I have to admit, AMZN has me pleased to no end now (look at it), and AAPL is starting to please me greatly. Recall how many times I mentioned all the bigger bullish ABCD's I was seeing, with AMZN and AAPL just two obvious examples I was watching.

Originally posted by jimkane

I hope everyone saw that spectacular little 'W2' ABCD and long trigger there. Now we see if this up +6 goes anywhere.

This thing surely is approaching a key area here. I also have a TL overhead around 1200. Here around 95.75, and around that line, up to say 1202ish, is really key, in my opinion.

Originally posted by jarek

Looking at higher timeframe the battle here could be even more significant:

Click image for original size

Very good posts guys. I plan to be back into discussion shortly after beeing so busy with moving etc.
Did anyone notice there is no public forum at marketgeometry? What the heck? Did they again took it off internet?

Yes, Tim got rid of the public forum over there.

The public forum at MG was cancelled after few posts there undermining the value of paid services in members area

Originally posted by jarek

The public forum at MG was cancelled after few posts there undermining the value of paid services in members area

Personally I think this is very bad move. Again very nice and educational posts made by roofer and others are gone. The same he made with roofers mentors posts. One can think he does not want true knowledge to be public? Why the hell making public forum in the first place? This is a joke. And by the way ... this forum wich comes with books of Jim has a real value. Services from Tim are to expensive.

Not only ES is in critical juncture here. $RUT sits at big .886 after the gap and in $INDU a KZ bearish Flat is still possible:





Bulls need to put up some more effort to keep it going

So, note my comment below "...if it isn't a fake break snap trap, which looks like a 5-wave up to boot...". That was exactly what it was, a final push 'W5' over the obvious TL to draw in a bunch of suckers, and then they dumped it. What is really noteworthy (other than this classic sucker trap snap reversal) is that it went right back to the very same TL's that sent this up on the 16th (retested multiple times on the 17th), the 23rd (retested on the 24th), and the premarket today. After all those times coming off those lines (I have two TL's and a set line almost overlaid on each other), it finishes the day/week right there again. In many cases like this, especially in pre-manipulation Mar 2009 times, this line area would give way.

Notice, also, how the 4PT did send it down after all, but now this may be a 'W2' 4PT to send it back up. Given that it is at a key line area, I'd expect a possible bounce, and then perhaps back to that downsloping TL area. The key aspect to me is that it really already did a bounce, and timewise, on say my 240-min chart, the bounce and drop into the close was very fast, and doesn't indicate the immediate need for another bounce.

Hence, it may drop right down from here, even open on a gap down. But, when do we see a Sunday gap down and drop? And if we did, has it sustained even once in well over a year? Not that I recall. So, the odds favor another bounce here based on the Sunday thing. I want the important point to be clear here, though, and that is that it is coiling ever tighter between two lines here, and a break should be soon, as the apex is getting closer and closer.

Originally posted by jimkane

1200.50 in a nice last minute burst there, right to the heart of the key area, as expected. Can't wait to see what the open brings later today, and the overnight. Because of the time it went sideways, this last move is solidly up and over the obvious TL on the say 120-min all-sessions chart. This implies to me that (if it isn't a fake break snap trap, which looks like a 5-wave up to boot) it plans to run.

Originally posted by jimkane

Okay, I guess 97.50 will be it (pretty darn close to the meat of my key area) until GLOBEX opens later...