There is not much to add to the extensive coverage of the recent weeks here. While looking for geometry of Friday's turn on the continuous contract basis I came up with the following picture:



We have an almost ideal .382 bullish ABCD here. Thanks to Roofer's findings based on thousands of examples we know that probability of taking out the high equals in such case 87%. What's more in order to hit Jim's target zone at the line, a pretty fast move would be required... We'll see next week if we are on the right track and ... in the right train

On my short term chart this spot also looks very interesting...

... and the price started dropping heavily? Hmm...

... and it started with .886 at a line?

roofer got me curious...

??

turned up in an interesting area.....wondering which line it's headed for.... 14000 = .886...... 139.08 is .886 last lower high..... 141.30 = 1.128 at the upper line....just thinking out loud...

I rarely post $SPX, but this caught my eye:

you do have to wonder....

Originally posted by jarek

I rarely post $SPX, but this caught my eye:

This may start to look very seriously pretty soon:

... and it did

yet another abcd to .382 at 12887?

Originally posted by jarek

I rarely post $SPX, but this caught my eye:

Practice work. I consolidated what Jarek did on the ES 15 minute chart. I'm only showing the last 2 days -- from where I left off on Wednesday.