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:

And... there's 1316.

Here's my usual look:

Here's my surprised look:

Like I always say: get it? In other words, like roofer always says, just use the tools. No surprises there.

No bragging, but 'Too easy'. I now have two official KT slogans. The original 'For those who want to do the work', and now 'Too easy'. Oh, and BTW, after a quick little shake, CL is now starting to rise rapidly, as is gold, and the Euro. Hmmm, I wonder if the DX is getting crushed? You know it is. Nice little one day wonder on that rise. Silver smokin' at another new high, over 44.30. Same old, same old. 'Risk on'. I say the odds that the ES blows out over this 16-17 area are about 99.99%. Yeah, right, this is going to turn down here. Sure it is. Now, how's that read on holding some into GLOBEX look now on that ES? Maybe I need a third saying: "It's not bragging, it's just pointing out what the tools said."

Originally posted by jimkane

... I can hear them chanting 'C'mon 17, C'mon 17'...

I have never been chanting my target area while in trade, but maybe I should start??

This train has smashed through all possible resistances except for the upper ML of our Schiff set:



It should be the next target after some games in the Game Zone

Originally posted by jarek

First bullish ABCD in a long time failed in EUR...If this bigger one in the Kane Zone fails as well, I'll be looking for short setups

Fortunately there were no short setups on the way up to a new high because otherwise I would be crushed

For me it looks like strong up trend on eur.

roofer always gets me to go back and work harder....thank you roofer

??? 146.46 - 147 ??

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...