ES closed strong and looks good for a strong start of the week:



However I'll be watching closely bearish ABCDs on the way up since long term questions remained unanswered yet:

81.57?

So far so good on this last bearish ABCD in ES:



And if it plays out - the target for the move off the test and retest in $SPX would also be reached

if your bearish abcd plays out it could set up something interesting at the line....

Originally posted by jarek

So far so good on this last bearish ABCD in ES:

And if it plays out - the target for the move off the test and retest in $SPX would also be reached

Ideally, the D on ES would have gone to the 1.46 area but trading isn't perfect.

Originally posted by jarek

So far so good on this last bearish ABCD in ES:

Originally posted by jarek

Unlike Gold in Silver the previous area held and the potential turn was supported by .886 and potential H&S...

And yet Silver found its way to another new high. This must be really frustrating for those on the short side. I've read recently that a best trading approach is to assume that a trend would last ... forever. Such approach would definitely help a lot of people to save a lot of money in this elongated commodities run.

Seems to be a question here that didn't really get answered.

Originally posted by rat89

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Some resistance ahead for Bonds, but I wonder of it matters at all in the current situation:

is this the game? 886 of last swing? 768 of swing off low? or a trap before a breakdown?

This move up off the Kane Zone in Crude doesn't convince me, so I'll be watching bearish ABCDs on the way up:

I think it may head for the lower //, not even the ML. I've been thinking 35 since forever. Understand, though, this is really just an index against the Euro, which is by far the heaviest component. If the DX was going up, and the dollar going up against all currencies, the buying power of the dollar could still be going down, even rapidly.

All I care about is the buying power of the dollar, and if you look at gold, silver, oil, foodstuffs, cotton, etc., you can see what is happening to my buying power. This is true in all currencies, even the powerhouse Aussie. It's just losing buying power a little slower as it rises with respect to the dollar. All fiats are on their way out. Do they go together, or do they fall one by one in big explosions...