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

It's curious that the 1.272 off this pullback is dead on my first area mentioned. I'm not saying it gets there off this, but it is something to think about.

Originally posted by jimkane

...This would be 'W3', and should be strong and impulsive to the next areas mentioned, with maybe a 'W4' type pullback 'up there' somewhere...

I think this is the 127 that Jim means in the area he mentioned.

in spy terms - 1.27, 1.128, 886

Originally posted by tx_ches

I think this is the 127 that Jim means in the area he mentioned.

ES 2.50 point range for about two hours. That, after about an hour and a half earlier in a... drum roll.. 2.50 point range. What a POS.

Time for the upside breakout now, or just more HC^2?

You could really see them coming, building...

The big question is, do they shoot for that 1.272 and my area by the close, or shortly after in GLOBEX???

I don't see it, really, but watch this little 1.272 type move off that smaller bullish ABCD it just came of off, in case it just wanted to get out of the range, catch some stops, and go back to sleep.

Checked back off it, and then up for the next leg.

interesting symmetry at the lines...