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:

Classic behavior in Gold: breakout, return move and up it goes:



The real test for this move off a bullish ABCD is still ahead though

Originally posted by jarek

This triple top after reaching exactly the rising ML may be the first sign of troubles for bulls in EUR... Will watch the reaction to this 1.272 DT ABCD at lines

Initial reaction positive. I repeat: Initial reaction positive. Do you copy?

I can't stop wondering - could it be just us here knowing the power of .447?



For those who use just standard Fibs it must be the middle of nowhere...

I have same problem as Jim couple of days ago - I just can't stop posting I guess it would be better for everybody if I turn the computer off now

a retest at .28 might be a gift

pot in a corner...needs to decide

so far, rimm fell apart....the q's never made it down to 56.28.....intc is holding the line....mos went to dbs 1.27, pot is still in the corner....and gld got to 14339 (.886 of large swing is 14349).....what a day

not

Originally posted by jarek

I have same problem as Jim couple of days ago - I just can't stop posting

I guess it would be better for everybody if I turn the computer off now

I couldn't - it's stronger than me

ES starts to look really good for bulls:

Originally posted by jimkane

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

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