Here is my chart of the weekend:

Hanging at the GZ. Looking weak.

i have been accused here of worshiping joed... hahaha!!!... in CDE we had very different views... i have stuck to my guns.... and been rewarded...

Here they come...

Originally posted by jarek

At 4th attempt the line should give way:

Click image for original size

You are right. It certainly did give way!
Good observation.

Good Trading,

Al Kamego

now what?

Will they aim now at the lower green ML?

Anything could happen here in the ES short-term, but this is acting like it could dump, and with the daily range at its usual 'maximum', that would be interesting, and seemingly unlikely. Most likely scenario, I think, is chop at the low end of the range. But we have a lot of time left.

Originally posted by jarek

Originally posted by jarek

EUR now to the lower ML like Crude?

The chances are that it'll finally reach it driven by this bearish ABCD:

Done!

32 area next if this is just one small leg down.

That triggered some buy machines...

And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...

http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident