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

If it comes to my longer term analysis for Bonds I would not exclude this bullish ABCD fully playing out:

Crude looks ready to launch for those stops...

Isn't it odd, the reluctance, of crude and all the 'risk on' assets to do anything at all in here, even with all those stops calling to crude, saying come get the free sucker money. Yet, they are 'timid'... Very odd, to me...

Getting ready...

DIA map...

CL got two swing highs, now ready to get the third, key one. ES ready to pop.

If the ES can't get over this .786 ABCD and it rolls, watch out. But, in reality, this is all just HC today, and I'm not taking it too seriously. It is rather surprising that they haven't gunned it up at all, though. So, I'm still expecting the ABCD to give way.

Originally posted by jarek

Originally posted by jarek

Bears have barricaded themselves behind out green ML and don't want to let the bulls in:

You have to walk away if they don't want you in

Throw him through the door and he'll come back through the window:

ES moving...

It tried hard to make me look like a chump, but in the end, I knew they wanted some up. Now we see at this ABCD what it really wants. I know what I think it wants.

Originally posted by jimkane

Yep, quite a way of showing it wants to go up...

Originally posted by jimkane

Market has a funny way of showing this so far...

Originally posted by jimkane

I think the market wants to rise a bit from here.

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.