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:

IWM 5 minute.
If IWM doesn't get past this area, it could form a H&S.



Looks like its own little island with the gap.

886 at 127.85
127.97 swing 886 at 127.78

kz from 129.77 at 127.64 - 127.86

aiming for a trip to the 886 at lower line...

little bull abcd vs bear abcd.....

we might have to wash our hair

Originally posted by tx_ches

IWM 5 minute.
If IWM doesn't get past this area, it could form a H&S.



Looks like its own little island with the gap.

Originally posted by jarek

We'll see after reaction to the following bullish ABCD...

...we should have the answer once this triangle resolves:

IWM and Spy got a bull 4pt possibly.

mini bearish abcd....if it can't bust this line and complete the bull trade to the median line it has to go somewhere eventually....sorry to keep posting the same old chart

I have the bulls covered and Rat has the bears covered so we are ready when the coil springs.

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