Here is the update of my longer term ES chart:



I know this potential drop of 10% in a couple of weeks is hard to conceive for some. But I can't find a better explanation for the corrective nature of the March-May rise

One area for a slowdown is right here, and one just over that recent swing-high just over 100 (basis July). Just watching, in case...

ES look unstoppable, as 18-19 looms.

CL pit just closed, let's see if that stops it dead on my area here, and into chop it goes.

Bulls were just wetting their toes. Needed another pullback to push them up. I adjusted the sets to accommodate them.

Originally posted by tx_ches

NEM 5 minute. Will bulls overcome?

Click image for original size

Notice, too, how ES went nuts in tune with CL. Now ES sits right at a key area as CL pit closes. If CL stops here, what will ES do? Are they linked, or no?

17.50 close enough to my area?

Here's something to think about. They have me so terrified of the short side right now, I can't even imagine shorting this. Ponder that.

Really saw their intentions on this one.

Originally posted by jimkane

Yep.

Originally posted by jimkane

Up like a rocket for a bit???

Are you pondering???

Originally posted by jimkane

Here's something to think about. They have me so terrified of the short side right now, I can't even imagine shorting this. Ponder that.

Rat, nice progressive series on gdx. Thanks.

Originally posted by rat89

Okay, see everyone later. I'll try to do those updates on copper and the Swissie like I mentioned in those sections, and get to jarek's question on that being a KT rocking chair pattern failure setup, some time this weekend.