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:

roofer, when you get a chance later, can you expound on it?

Originally posted by roofer

i posted this geometry on fri....though rare , i have never seen it overcome....

886 @ 4424

magenta fib = gap set....fat line = 447 @ 8216
abcd turned at 8215

if you do the work, you will find endless stocks that have broken off pivots at .886 on gap on 5

HPQ has been broken a long time

i keep a book... record each stock that breaks off .886 on gap... each in their own time, each in their own way....as they pile up, that is a way to know the underlying cracks in the market...

yep

One more D is still needed for a nice approach at our line:

each in their own time, each in their own way

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...