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 yes, I kind of just said it may go sideways, or down, or maybe up. Lots of good that does. Point is, the side I'm on is long, and that is a no-brainer for me. Long since yesterday. Management mode. At big-time key areas on everything, as far as being 'stretched', as seen in rat's charts. But, I am not willing to bet against this right in here. If it starts selling, and they look serious, and it gives me something, that's different. Off this extreme? No way. I'll congratulate those that do it, good for them. Not me, not in this situation. So, I am watching for a clue here if this area gives way.

I'd be surprised if they had more to go on the upside today, even off this area, given how extreme this move has been, and so uncorrected, right at such an extreme. Hence, chopping sideways with an upside bias is a common thing to see. Unless it sells, I'm not seeing a lot of additional opportunity right here. It may turn out there was, but I just can't see the odds favoring anything in particular in here. That's what that last post was supposed to mean.

And yes, the ES looks like it is about to break down hard any second... And you can be sure they see that.

Look at an Aussie chart and an ES chart over the last several days. It must be all-sessions. Look on a 15-min. Notice anything? Yeah, wow.

can you believe this big dog? earnings today....will they close it right at x marks the spot?

ES sure acts like it wants down, especially with that little tick/1-min bearish ABCD there. But, I just can't see more than a stop sweep sucker trap... Maybe an EXP ABCD.

Curious how the ES goes right to the dual ABCD and line area, and then, drum roll, does what?... chops sideways in a tight range for an hour and a half. Amazing how these areas can stop something dead, but don't always imply a reversal. It depends on the 'context', if it has more gas left in the tank. Hard to drive it up against a huge extreme area overhead, and hard to drive it down when all they can see and think is 'buy, buy' buy'. So, it sits, waiting for time to catch up and force their hand. Same old, same old.

Watch the Aussie for leading clues.

wild.... just wild

big dog pulled back to .768 of gap fib.....let's see if they can close it right at that spot at the 886 at 345.31

I guess I'm it for today now. Are they going to make a run in the ES here? Everyone is waiting on the Big Dog. How can that turn out to be anything but knock the cover off the ball as it flies over the back fence, way out of the park? And, with AAPL, they rarely price this in, they almost always explode it up when the obvious comes out. Imagine the buyers if they 'disappoint' and it dips? It's the most owned stock by hedge funds of any issue. Can't wait to see.

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...