Broader indexes like IWM shown by Roofer and MID below should show us the way in the coming days:



They were usually first to advance in the recent months and we'll see soon if this is the case this time as well

And there's another new high for the move, over that spike high.

Crude starts dumping off the area, and the ES is on fire. But, it may just be a little swap there. We'll see if they mean any of this...

That MUB has the most TL creep I may have ever seen. Look on say a 60-min. It's not the most liquid stock on that timeframe, but still...

And there's another new high for the move in the ES. As expected. Understand, when I say this, I'm not saying it to sound like bragging, I'm saying it to drive home the point of how well-calculated probabilities play out, I feel, time and again, and having the conviction to play one's game plan is what trading is all about, to my way of thinking. The 'too easy' concept.

And yet another goofy illiquidity spike, to the upside. That is getting scary. We are seeing more and more of those, and I consider it ominous. Something is not right. Anyway, tack on another, what, 3.25 points instantly there. Sounds good to me, up is up, I'll take it. Now just one strong day from news highs for the entire 'bulls#%&' market. Midcaps, Russell, Trannies, even closer. Should happen soon, I suspect.

And yes, I am still watching for an end of run or monster checkback in this general area, as I feel it could still be possible. This area clearly is something to reckon with. So, I'll just see what it does and adapt. That's all I can do.

Originally posted by jarek

Originally posted by jarek

Common bulls - push for that last time!

...and they pushed hard...

... really hard:



I didn't think they would be able to reach this Schiff upper ML

Originally posted by jarek

Originally posted by jarek

Failure of this bullish KZ flat at lined validates the move of .886 at line in EUR...

...and yet bulls managed to counterattack using standard KZ ABCD at major TL...

... and now they have to defend same rising TL again:


This time they simply have to do it at any cost.

First this upper ML in ES and now .886 at line:



The necessary condition for a turn is there, but we all know that it doesn't equal sufficient condition...

If not the previous time, then maybe this one, after trying to reach the BIG .886 in ES:



I know that trying to catch the top is against Kane methodology, but it simply 'has' to be somewhere here

Yeah, that 1338 rings a bell, but I confirmed the high by various sources and feel it is correct. I even checked several other contracts, but couldn't find that 1338. I've seen it before, though...