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

CL 'There it is!'

Now they can go nuts with 'risk on'.

Watching around ES 19.75 and 22.50 next.

It goes without saying that is assuming it gets above the 1.128 ABCD here.

It's a big clue if they don't, and dump this here. Big clue.

Originally posted by jimkane

Now they can go nuts with 'risk on'.

First area hit, as expected. ABCD gives way, as expected. 'Too easy'. These guys are sooooo predictable at times, I feel.

Curious how it explodes up, and then stops dead (for now) right at the area I posted, to the tick. Very curious.

Hmmm, could that be it? It would surprise me, but it is a possibility.

Watch the two main KZ's here.

.300/.382 overlap at key line, and it sure 'sees' it. Will that send it up for another leg to the next area?

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.