ES went exactly to the target area for the move off the bullish DT ABCD shown here on Friday:




It's also in Eric's long term area and within my last weekend's long term setup.
All this suggest that we should see at least a correction during this relentless move up. But isn't this exactly what was expected before last week and many more weeks in the recent past in which the market just continued to grind higher and higher? ...

The move of the bullish ABCD above didn't even reach the closest Kane Zone, which is not much:




This might be a small light in the end of the tunnel for bears. Usually it was another train coming from the other direction, but maybe this time not?

After geting out of the upsloping set, the lower ML of the downsloping one should be the next target:





Note classic test and retest at upper ML of this set

... and the target was reached right on time to make it concurrent with 1.272:

Bearish 4PT might be developing in Gold, but it needs to rise before it falls to make it happen:





And this clear TL creep doesn't bode well for bulls

Recent bullish KZ ABCD in Crude simply can't play out fully:





And this test and retest on a Schiff set might suggest that it doesn't take out the recent high at all

It was not much of a bounce off the line in ES. Is the bull weaker here or are they just pretending?

We now have in ES the biggest drop since late November, so this is getting serious.

Was the green line it or is the all important upsloping ML calling?

Great posts and chartwork, jarek. We are finally getting some downside action. But, will it be another one day wonder?

Good to see you back Jim!

today... i had a good week so i used the geometry to buy a lottery ticket of 100 shares in GOOG.OUT AT CLOSE... I TRIED TO SAY WHAT I WAS THINKING on each chart...