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:

there it is

$SPX still looks like on its way from test and retest to the target ML:

ES bounced strongly off the 1.46 retracement, which is always a good place for W5 finish:



The question is if the last drop was really a W5

... and there are even some medium term lines to support this turn in the Kane Zone:

two median line short targets hit:

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:

I suspect this move up may now continue for some time:



There are far too many people out there, who didn't like his cockiness in the past

watching little dog here....at the .942

rofl

Originally posted by jarek

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

Originally posted by jarek


I suspect this move up may now continue for some time:



There are far too many people out there, who didn't like his cockiness in the past

watching 14349

ES just went vertically up off this 1.460 at lines:



Time for no mercy for bears now?

Originally posted by jimkane

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

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