Okay, no one has started the new topic, so here it is. Silver ready to hit 48, gold at another new all-time high, ES futures are up and rising, the Aussie is looking strong, CL another new high for the move, and working on that contract high. Same old, same old. 'Risk on'.

MID looks pretty enticing for a bearish bet here:

Watch this .786 ABCD in silver... Big clue time. Note that gold also has a similar ABCD, and the ES, too, which just did an .886 'retest' and it is looking weak off that. As I like to say: 'Showtime'. Now we see.

Silver looking real good off its pattern so far. Gold, too. ES now starting to make a move after its 'retest'. Euro coming back. 'Risk on'. Do the areas and you'll see where to watch. Lots of price action to work up really good areas for all these. Unless I get hit with an alarm and see something, this will be my last post, that nap isn't going to hold me any longer...

Here's the picture for Silver:



The sets are exactly the same as on my previous Silver chart

It could be hard to believe, but the drop in Silver in the last 24 hours was the biggest decline since ... the October 2008 low:



The reaction to the ABCD above is thus crucial in the longer term IMO

Originally posted by jarek

Not much changed since my last visit - I would be a seller at this line:

Fortunately I was asleep at that time

In fact we have a small bullish ABCD in ES, that could be a launch pad for a top attack:

Medium term ES found support at a division line of a set already presented here:

Another bullish ABCD in EUR drove it to yet another new high for this relentless move up:



As long as they play out, the uptrend is intact

Originally posted by jarek

10th bullish ABCD in the recent uptrend in the making?...
This must be really boring for all long on EUR...

Almost fully completed now: