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

Small bearish ABCD right into the line in the moment of data release has just played out:



But it could be just a part of a bigger bullish setup

... like for example such a bullish KZ ABCD:



That 3 legged CD leg doesn't look good though...

... so it would not surprise me if it plays out just into this .447 DB ABCD:

Originally posted by jarek

... I’m pretty sure you would get a record number of votes for every chart posted here

Originally posted by jarek

... so it would not surprise me if it plays out just into this .447 DB ABCD...

... and so it did. There were simply too many warning signs:

We have a problem here in Poland, because by the time US market opens and american guys join the forum, Jarek posts so much that we have only few votes left for Jim and others.

Originally posted by jarek

Originally posted by jarek

... I’m pretty sure you would get a record number of votes for every chart posted here

Lightning trade.

Good Trading,

Al Kamego

The Lightning trade I just posted is also a Kane DB ABCD. That was what I was tracking initially. What a combination.

Good Trading,

Al Kamego

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.