Here is the updated medium term chart in ES:




Lack of at least a bounce here following Friday's bullish 3D right into such an area would indicate that something more serious to the downside might be brewing here. Breaking the rising TL from August low (thick blue line) would only confirm this.

Originally posted by jarek

Crude ... regaining strength after correcting to .447:

We know where is the target area for this move :-)

Over 20 points so far since that trigger. Not too bad.

Originally posted by jimkane

I really kick myself for not posting this 'real-time'. I was working with a student and I got a trigger on a setup at 63.50, and I mentioned it to him, telling him to mark it down and go study it later and see what happens. It has hit 74 so far, and as the old saying goes 'no let up in the rising tendency'. It doesn't get any sweeter than that for GLOBEX, in my opinion. Wish I would have posted it as it happened...

Notice 'my' DBC. Look back at that 'position trade' setup I discussed. Still playing out nicely. It was a nice place for a short-term trade, as well as for position for a potential bigger move.

In the meantime, watch rough rice to monitor the danger item for the world riots, symbol ZR #F in eSignal. It's 'breaking out'.

What a classic .300/.382 bullish ABCD:





W4 or launching pad for the way to upper ML?

Okay, it took it into the aftermarket, but it finally hit that HOD. Another nice intraday trade, there. Nice chartwork, jarek.

Great charts Jarek...intraday " Day Trend " .....as you showed.

Second .300/.382 bullish ABCD - this time a 4PT - in the move off recent low:




Will it drive it at least to the Game Zone?

Common up! An important line in the Game Zone is waiting ...

Will it be just to 1.272? And what about this line in GZ?

“has to be something mind numbingly simple to those who know what to look for, yet invisible to those who don't know what to look for.”

Quoted from roofer (1/31/11)

I can't refrain myself from quoting here a fragment of famous Polish poem for children - "The Locomotive" by Julian Tuwim:

"...

First a toot!
Then a hoot!
Steam is churning,
Wheels are turning!

More slowly - than turtles - with freight - on their - backs,
The drowsy - steam engine - sets off - down the tracks.
She chugs and she tugs at her wagons with strain,
As wheel after wheel slowly turns on the train.
She doubles her effort and quickens her pace,
And rambles and scrambles to keep up the race.

Oh whither, oh whither? go forward at will,
And chug along over the bridge, up the hill,
Through mountains and tunnels and meadows and woods,
Now hurry, now hurry, deliver your goods.

Keep up your tempo, now push along, push along,
Chug along, tug along, tug along, chug along
Lightly and sprightly she carries her freight
Like a ping-pong ball bouncing without any weight,
Not heavy equipment exhausted to death,
But a little tin toy, just a light puff of breath.

..."

Have a great weekend all!