Interesting spot on the euro. It may be the end of a large ABCD on a daily time frame or just a W3 completed with W4 forming bullish ABCD on H1.

Okay, watch the obvious TL here. Let's see if they are just running another game here, or not. Did they just make it look like it was ready to go up to suck people in? Are they about to run some TL stops, then up? Or could this actually sell? All great questions, soon to be answered, I think.

TL again produces a strong snap up. Same old, same old.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

ES ready to explode up.

All right, let's close it by blasting to another new 'bulls#%&' market high, even though it just set one earlier. It needs another. Why break records just once per day?

Bloomberg: "Japan having it's longest rally in half a century."

But then this from ZH:

C'mon, ES, dump and show that was just another fake. Die, oinker!

BTW, the MidCaps and the Trannies set new all-time, lifetime highs again today. All is well.

I sure hope everyone knows when I am joking, when I am being sarcastic, when I am trying to make a point, and so on. But, alas, I know everyone doesn't know. I recall in the past when I tried to just say everything straight up, but it just isn't me. I teach how I teach. Sarcasm is a big factor. Sorry. Do the best you can to follow what I say...

Okay, watch the potential bearish 'W2' ABCD here, in case.

Originally posted by jimkane

And in the last burst it does indeed make up the drop. Have a good weekend.

You, too.

Al Kamego