This one-way market is already becoming boring. I'm more and more inclined to the following long term view:



The only question mark in such scenario would be whether it was already end of .382 W2 at July lows or if it still needs some more downside to conclude (and form a Flat or TD ABCD).
I agree with Jim that longer term all the permabears are going to be rather unpleasantly surprised.

one thing that remains important to me that tim morge used to stress long ago is that sharp moves, particularly if back to back.. and by that i mean if you squint your eyes and you see a V on your chart, cry out for the trader to draw a modified schiff set.

jarek-before i show time of day game, i want to see if anyone else is seeing it.... it is better than 90% accurate and is there for all to see...

jarek- here is your hint... look at price in boxes... same time period each day... put into words what you see.... then look at the charts from yesterday that i posted....a repeating time pattern and geometry come together.

I've just checked that for the last 26 sessions the longest hourly bar on $COMP chart was the first one from 9.30 to 10.30. That can't be a coincidence...

Gold accelerated nicely through the downsloping ML in the move off the DB ABCD:



Looks like on its way to Jim's target area

Another green set waiting in ES after the bearish .447 flat played out just to 1.128 at the spike line:

ZN finished its bounce on the first possible resistance:

Originally posted by jarek

Another green set waiting in ES ...

This was an easy one:

If up is the wrong way, it should stop rising somewhere here:

Downsloping TL or upsloping green ML magnet? Decision tome in ZN:

Probably just some OpEx thing.