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? ...
RO
roofer
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the fxe is sitting in a dbs box short of ml target as uso is trying to decide if it wants to honor odds of redline green set or honor completed kane 4 pt as gld has opened on gap at.886 at line.... something is going to happen.....
JI
jimkane
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Hmmm, any chance that little bearish ABCD will assist the bigger bearish ABCD with some downside continuation? I'd love it, but I'm highly wary...
JI
jimkane
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Posts: 33,089
Well, keep in mind, theoretically it is just assisting the bigger bearish ABCD, so it should. But, on the other hand, the A point of that bigger bearish ABCD is a big, key area on the higher timeframes. So, it really comes down to if one thinks a bigger correction is at hand, or that was it and new highs are coming.










