ES approached major downsloping ML on a daily chart:


Acceleration, bounce or coil now? In case of the first, our target area is just 4-5% away. Exactly the same as in case of $RUT for the move off its head and shoulders pattern confluent with the green set lower ML:

Watch the 1-min bullish ABCD here. This is it, folks. Let's see if the pervasive sellers are back.

ABCD shot. Watch out, I think we have a tiger by the tail.

81.75 next area I'm watching (assuming it handles 83-83.50 okay).

80.50-81.75 is the next level.

But if there are no last minute pervasive sellers, that would likely be it right there.

I feel one of my favorite sayings coming up: 'Gotcha, you oinker.' But, watch for 5 waves down into the area I mentioned, and done. In case. It's acting like it wants to be done somewhere in here. All I can do in a case like this is see what it does, and manage accordingly. It does what it does. Some flush, some snap up.

What was the setup coming off the 87-87.50 area? Bearish 'W2' pseudo-4PT on the 1-min/tick chart (which would be a 'lower high').

they're going to push it up into the close....they have to

pullback to the ema 10 and first hour high.....

1-min volume spike into my area. Now let's see if we realy have anything, or if this is it. Major lines here.

Okay, that's it for me. I probably won't post again until the Sunday night session.