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:

ES doesn't necessarily look as in failed 5th wave scenario... Will watch the reaction to our bullish ABCD then:

Crude chose to respect our geometry:



But it's still far, far away from the point where bulls should bother at all

The previous small bullish ABCD resulted in couple of points reaction, but it wasn't W2 of the move of our big bullish DT. Maybe this one:

good morning all.....here's one I missed friday

1.27 at the median line of set anchored at the gap....

funny how it bounced right off that line

more light humor

If you dup the green set and place it below, you have an intersection with the green and downsloping set at the exact time.

Originally posted by rat89

funny how it bounced right off that line

Click image for original size

great eye tx!

Originally posted by tx_ches

If you dup the green set and place it below, you have an intersection with the green and downsloping set at the exact time.

will they jump the retest of the lower line?

Originally posted by jimkane

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

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