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'.

So, jarek, you saw that I posted the ABCD idea already, and I posted the quote to show you I was looking for that 4PT, and then you beat me to my post saying you now saw it was mentioned. Too funny.

Yeah, exactly, these topping formations can be complex. It would be awesome if it 'topped' right as the Fed starts its new BS program of press conferences after meetings. Like the old bull market magazine cover, or the announcement of a new world's tallest building used to cap a market. I see this as the modern version of that magazine cover. We'll see.

Originally posted by roofer

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

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......

A few minutes to cash close and this is just testing and testing this key 4PT and line area. This line I have here is so key.

Very curious that TNA has hit a full ABCD as the ES hits the 4PT...

And they close cash holding the ES 4PT and line, and TNA holds its ABCD. They love to do this. Now watch the after cash to see who they can trap.

Great day. Fantastic charts and posts everyone. jarek is a posting machine.

by beginning of end, i am thinking that if starting tomorrow, we have a surprise outsized pullback with many high fliers just outright tanking then a month from now we will have a modest new top with so many divergences we will all be calling top....but if it is clear by the end of tomorrow that the game goes on .. then so be it...

Amazon posts earnings of 44c vs expectations of 61c? And the stock is basically flat? Okay, now it's starting to drop a bit. Crazy. Yep, earnings are great indeed. I had heard this season had the highest level of beating estimates in stock market history. Too funny.

Great comment and thoughts, roofer.

Originally posted by roofer

by beginning of end, i am thinking that if starting tomorrow, we have a surprise outsized pullback with many high fliers just outright tanking then a month from now we will have a modest new top with so many divergences we will all be calling top....but if it is clear by the end of tomorrow that the game goes on .. then so be it...

Okay, the ES took out the key level and has now hit the standard ABCD area. The issue is, even though there is a key line in this area, a crucial price flow was broken at the 4PT, and that tells me something.

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: