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

IWM behaving well so far. No games in GZ.

Originally posted by tx_ches

Jarek, what do the 1 and 2 labels mean?

They mean Waves 1 and 2 of the move off Kane ABCD. These are Kane Waves and not Elliott Waves

Originally posted by jarek

...A break to the upside here would be quite bullish

I meant real breakout and not the one so far, which could have been just a finishing move forming 3D at a spike line:

CLF 5 minute chart.
A little dip on the open is what was needed to fuel the opening drive.

Chart

Originally posted by tx_ches

CLF 5 minute chart.
A little dip on the open is what was needed to fuel the opening drive.

Thanks. I was trying to read them as Elliott waves and it wasn't making sense.

Originally posted by jarek

Originally posted by tx_ches

Jarek, what do the 1 and 2 labels mean?

They mean Waves 1 and 2 of the move off Kane ABCD. These are Kane Waves and not Elliott Waves

Kame 4PCP ABCD going onto today's open.

Al Kamego

Extending that downsloping A to C red trend line out could be interesting intersection.

Originally posted by albert

Kame 4PCP ABCD going onto today's open.

tx_ches,

Yes indeed. Thank you for pointing that out.

Good Trading,

Al Kamego

bullish abcd at key area, double .886 at line.....does it get back to the upper line?

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...