Just over 21 hours and change... I can't wait.

Notice the move is mirrored in GC, 6A, and CL on the tick charts, of course. Slippery eels.

GZ being 'retested'. Now we see. I sure wish we'd have another big leg down, but this is in an area where a bounce could come. My perspective, of course, is management mode off that key area from yesterday, which although it sure scared me, did reverse it, right off that 3D, in a setup and finish that was, indeed, 'too perfect', yet still played out fantastically.

Swooooooooooooooosh.

Keep in mind that 1302.50 low is the low for the move, no way it can go lower than that. From Carl today:

"I think the drop from 1357 ended at 1302.50 on June 25. A move to new bull market highs is underway."

Now, all ribbing aside, notice this is a GZ here off that 1302.50 low, and that is significant. This is the area I mentioned last night. It just took out the intraday GZ with another push there to set the new LOD. It could bounce very heartily in here, so be ready for that. I'd like it to take out that 1302.50 and sweep those stops today, but that is asking a lot...

I know they want to gun this off this 7.00 area. I hope they fail...

1-min 3D here at that 6.75. This is it, do or die time for the slippery eel bulls. Let's see.

Notice crude going nuts to the upside on the tick chart. Smooth, strong, steady trend up.

It's a slow grind, but so far so good. Generally when the slippery eels come in after such a drop they gun it up like crazy. This slow grind may indicate they will get hammered out of the blue at time now... I'd prefer they pump it up a bit, get those bulls to say 'I told you so', and keep the trend healthy so the next move can be to take out that 1302.50 low decisively.

Originally posted by jimkane

1-min 3D here at that 6.75. This is it, do or die time for the slippery eel bulls. Let's see.

There it is! Notice crude popped, too, at the same time. But, will this little pop exhaust it? If so, those 'bulls' are in big trouble.