I'm wondering about possible scenarios for a full playout of this test and retest at SPX showed here on Friday:



... and the only reason for a quick drop from here to the lower ML could in my opinion be a failed 5th wave at SPX and ES. Because on many other indexes the recent rise looks like already completed 5th wave:

Originally posted by jarek

Reaction to this ideal 1.000 standard ABCD in Gold will give us the answer to the question if 1.46 of the bigger bullish ABCD at recent top was already IT:

Just to the TL so far, but I think bulls have some more juice?

Originally posted by jarek

...Do they want to make an idiot of Gross now?

I wonder how other he would feel sitting there and watching it growing relentlessly off this .886:

he's listening to his james brown records and he feels good! uh uh uh uh uh

Originally posted by jarek

Originally posted by jarek

...Do they want to make an idiot of Gross now?

I wonder how other he would feel sitting there and watching it growing relentlessly off this .886:

thank you! I'll get the hang of this thing eventually

Originally posted by jimkane

That's easy. Just go to the sticky topic I created 'forum links', I posted a link for it there so it wouldn't be hard to find.

ES bearish ABCD now at KZ as that 4PT 'failed', as expected, but it looks strong...

This is the place where I am looking at tightening up the stops on the bull side CL intraday.

As strange as it seems Apple could still technically be in its move of this bullish ABCD:

Clear move into 'risk on', as expected. CL up, ES going nuts, gold going up, Euro ramping. Same old, same old. Let's see if they have any sustain, though.

Be very careful here, this is where 'risk on' may turn to 'risk off'. Probably not, but this is an area they need to 'prove themselves'.

uh oh?

Originally posted by jimkane

... so the Gross post will be short...

I see that we have a new definition of "short"