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'.

Watch 43 here in the ES, and if that gives way, 42.25. Critical area for another up leg without breaking the price flow.

Yes, this could form an ABCD down a little lower on the 15-min+ timeframe, and there is a price flow line in there, but there are two much prettier flows and that 4PT at the lower 42.25 level is really a key one. It would be technically nicer if it jumped from the 43-42.25 area. But, it does what it does, and one possibility is it is about to be crushed into dust. This latter scenario could be because it wants to set up for a big pop off the Fed crap tomorrow, or because an intermediate top actually is in (I don't bet directly against strong trends too often, so I'm not too concerned with this one yet). We'll see soon enough. Keep in mind, too, they like to close things at key levels...

jim--- i think your original thought was correct, in looking back today will be seen as beginning of end... it will take some time...price action these next few days will be crucial......

Okay, 42.25 area. Let's see.

your abcd would allow for one more pop up tomorrow....

W4 KZ 4PT in the making?

I think I've never wanted anything more than for that to be true. Maybe I'll be sorry for this, if price action and trading restrictions and so on get applied, but I've never wanted a 'bull' market to end, and end badly, more than this one. I guess I don't really want the 'bull' market to end, per se, as I want a much smaller level of disconnect with reality. I know all bull markets are disconnected from reality, but usually to some moderate extent. This is just plain stupid. But, perhaps I should just focus on the trading. Still, as we've discussed, I didn't get into this career to trade holding my nose and taking the money. I'm just so tired of that...

Originally posted by roofer

jim--- i think your original thought was correct, in looking back today will be seen as beginning of end... it will take some time...price action these next few days will be crucial......

I see that I was the last with this ABCD idea by a long shot ...

That's the one...

Originally posted by jimkane

...but there are two much prettier flows and that 4PT at the lower 42.25 level is really a key one. It would be technically nicer if it jumped from the 43-42.25 area...

Originally posted by jarek

W4 KZ 4PT in the making?

Click image for original size

And there's another insane line right in there...

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: