ES is shaping up nicely for my new scenario, especially with the smallest Schiff set respected very well so far:



However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.

Current LOD ends potential 0.886 bullish ABCD so the reaction here could be crucial:

MUST BREAK THIS LOW

RELENTLESS DEFENSE OF .886 IN intc

Originally posted by jarek

Current LOD ends potential 0.886 bullish ABCD so the reaction here could be crucial...

CD leg has extended to form 1.000 ABCD at lines, but reaction to it is anemic so far:

If this tiny bearish .300 ABCD at x marks the spot was already it, then bulls will have their last chance at the original triangle destination around 1301:



Beyond that I see only Roofer's small crash scenario

Tremendous chart work, jarek. What an effort. I know people are following them. Just don't burn yourself out.

Ho-hum, another day, another new all-time high for cotton. And gold.

Originally posted by jimkane

... Just don't burn yourself out

I'll try not to. I'll simply slow down if I see first symptoms

First real test of any move comes in the Kane Zone of course:

...and this one clearly looks as failed so far:

yes, thanks jim

Originally posted by jimkane
Hopefully at least this leaves you with some understanding of my reasons.