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

Bonds are 'too easy' even for me recently

Our main area in ES is still waiting above:



But the current HOD is exactly where .786 bearish ABCD has formed so I'll watch it very carefully from here

We are there right on time:

It surely 'sees' it:

SPX reached the highest level possible for a bearish ABCD:



Anything above that is W3 up

This is how ES looks on the medium term chart:



We should get some important answers today as this is also a KZ ABCD taking into account the whole move down from early May top

heading into 886 on a day that opens with a gap into 11 am....

Originally posted by jarek

SPX reached the highest level possible for a bearish ABCD:



Anything above that is W3 up

very similar on spy

Originally posted by jarek

This is how ES looks on the medium term chart:


We should get some important answers today as this is also a KZ ABCD taking into account the whole move down from early May top

Looks like a false start. Is this small TD ABCD a launch pad for the final ascent?

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.