With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:

I was wondering before why I couldn't find any geometry for a Gold turn when everything else started to drop. I have the answer now - it needed another 2% spike:



Rush to the dance floor?

AUDCAD is fighting against ML upper //.
I wonder if it's going to take 3 attempts to go over it as with ML.

ES bearish ABCD here, but this is coming up off a major line, so I am wary it will go down off this. Still, it is a serious pattern and I'll be watching it.

I think its goal is to take out that monster TL that has turned this down over and over since the top. And I think it wants to take it out today.

I'm not sure I've seen moves like we are having today. Crude down well over 3 and up 4 in a few hours? Look at gold. Okay, when the market melted down in '08. But, I mean, when things are trading 'normally'?

how 'bout that?

spy.....137.18 - 132.12 = 447 at 134.38

geometry everywhere you turn

Originally posted by jimkane

I think its goal is to take out that monster TL that has turned this down over and over since the top. And I think it wants to take it out today.

Couldn't they wait like maybe till Sunday?

just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...