Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.

Originally posted by ixon

jarek where You live in Poland I live in Koszalin.

Near Warsaw

Originally posted by tx_ches

Is the 4PT that you refer to the last ABCD on the chart? The very last ABCD doesn't look like a 4PT from the book because the D pt is below the B point. Can't pull up 6E to check the distance but maybe you are talking about the one before.

Yes - I'm talking about the one before and this very last one is just W2 of the move off it

Bulls have to do something quickly with this ugly looking (for them) test and retest at upper Schiff ML in SPX:

the daily looks bearish but on the 5 here it is at the line on a 1.618/1 (blue and red fibs....overshoot the 1.27 by 22 cents on a stretch.....aiming back at the median line?

every bounce on the way down was sold at the kz......

I think we may safely assume that this is not W3 up of our bullish ABCD anymore:



I'm introducing green set as there is a line between tops

I keep asking myself how spy gets to the target up here.....still don't know the answer... a lot could happen along the way....there are several smaller 1.27's at 134.07, 134.21, 134.27, 134.36....

Originally posted by jarek

I think we may safely assume that this is not W3 up of our bullish ABCD anymore:



I'm introducing green set as there is a line between tops

who's boss?

As Jim says, "Now we will see."
Div on the CCI.

Originally posted by rat89

the daily looks bearish but on the 5 here it is at the line on a 1.618/1 (blue and red fibs....overshoot the 1.27 by 22 cents on a stretch.....aiming back at the median line?

every bounce on the way down was sold at the kz......

retest at .768.....and we shall certainly see

Originally posted by tx_ches

As Jim says, "Now we will see."
Div on the CCI.

Thanks - I must have been sleeping indeed