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? ...

I am on the same page as you Jarek.

Originally posted by jarek

... and there was a bullish 3D right to the lines adding significance to my thesis above:

Click image for original size

Nice move off this bullish 3D. And volatility is clearly back - in the last 4 hours alone major swings totaled almost 30 points:

Short term geometry works so well that we really must be somewhere in the neighborhood of a major turn:

Nice KZ 4PT, but just to 1.272 so far. It could have been W4 of the move off the LOD:

Originally posted by jarek

... It could have been W4 of the move off the LOD:

We already know it wasn't W4. And if it was the whole W2 of this move than bears are doomed today...

Yep - it was .447 of the whole drop to the tick, which stopped the rise dead on.

Since LOD was also at division line of our green set I'll watch if major ML will not work as support now:

I haven't been showing Silver here lately, but there is an interesting development there - bearish TD ABCD propels the move of this major bearish 3D:





And the way the geometry works suggests that it might have been an important top.

Originally posted by jarek

... I'll watch if major ML will not work as support now:

It didn't, but the geometry did:

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...