Euro is struggling with .447 of the bearish ABCD, but given the 200 days MA and lines slightly beneath the area, even it fails range trading may be expected similar to the one near the C point.

Early indications for the ES are for an essentially flat open.

And they're off!

In case you didn't know how it works:

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

So, the ES looks ready for its move to 1560 basis March, which equates to about 1555 basis front month June. The only question to me is will it pull back first?

I mentioned that I would post this longer-term ES scenario I am looking at. I just did a fresh workup on gold starting with a clean chart (sometimes work one has on the chart can bias them, even if one is aware of this and tries hard to avoid it). Lo and behold it had a clear area jump out, and it's the analog to the ES scenario, both in area and time. I found that very curious. I can see the ES scenario playing out easily, but the gold one, that's hard to believe. Anyway, I hope to make a post on this as soon as I can get my motivatory working.

Sorry for low graphics quality. After yesterday's trading platform update I have to save the charts using print-screen, as charts created directly from trading software cut out all the area to the right of current price bar.

they can do anything they want with it, but if it reacts to this .768 - .886 area wouldn't a trip to the median line be fun?

For the first time in history, I think I'm posting more on the upcoming demise I see coming than on trading stuff. Right now I'm just a thorn in everyone's side. Some day I suspect everyone will look back at ol' Crazy Jim and say 'Now I know what Jim meant when he said "If you bet the sun is going to blow up and it does, what do you win???" '

http://www.verifythecpi.com/2013/03/february-2013-cpi-report.html