I was not aware that ES is trading today despite the Memorial Day. Here is the update of our bearish ABCD:

Originally posted by jarek

We'll see. It's kind of in the middle of nowhere...

I'm sorry - there are some lines here :

Blah, blah, blah.

Originally posted by jimkane

So, let's see if it bounces (and, of course, rolls again) from the 15 area... Blah, blah, blah. If it keeps this up, one of these times it may swoooooooosh down hard.

15.50 bounce starts. Blah, blah, blah. 'Too easy'.

From a daytrading perspective, just selling every bounce to an obvious area, just leaning on the downtrend, was unstoppable today.

Bears are entering the minefield - one wrong step and they might be blown up:

The previous 35 points straight down day was on August 11, 2010 ...

and there's the 886 just in time for the close

Yep, entering a key area. I think we'll make up all this drop tomorrow or in the next two days. One day wonder.

As far as leaning on every bounce, there's another huge leg down, right off another easy to find spot (first KZ). For this kind of trading, this might be the best, most predictable day I have ever seen. Seriously.

Is that an ABCD in gold? Silver really getting hammered, but it has a flat/4PT in here. Very interesting.

36.50 range today (GLOBEX). Holy smokes.

interesting symmetry at the lines...