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

Or will this tiny potential bearish 'W2' ABCD send it down?

Well, I posted the level for the HOD to the tick, but I really didn't think it would do much more than a KZ pullback and head up to the next level. It's amazing to me how weak this was today.

Originally posted by jarek

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:

They managed through the green door, but the red one was shut just in front of their nose:



Will now bears let the dogs out after them?

So, was that a GZ 'retest' of that low, and now a H&S bottom is in off this area here? Up it goes?

$1.33 in CL there straight up. It sure didn't like that little range low area, it rocketed right back to the top end of the range. Very interesting.

AUDNZD daily is forming potential ABCD. 0.382 retratcement of 2010.07.16 and APP of 2010.11.19 - 12.22 move up encompass fibo levels derived from ABC.
I'm not sure what to think about the context. The price has been already about 150 pips over maximum from 2000 but it is still very high, which bothers me.

This bull is soooo stubborn:

jarek!you're such a bear!

I know it's not good, but I just can't help it at the moment...

Maybe to cure myself a bit I'll start to show bullish setups...

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.