Okay, I'll start it off.

Marcin, I can't figure out why your S&P charts are like 5 points higher than mine?

Seems to me that the ES daily is a nice ABCD with a nice ABCD in the BC leg.

I'd just say it is because it's the index, but don't you have overnight data on there? Then it couldn't be the index.

Originally posted by jimkane

Marcin, I can't figure out why your S&P charts are like 5 points higher than mine?

Yes, but it may be a 'W3'. Maybe not, but it is worth considering.

Originally posted by Barkley

Seems to me that the ES daily is a nice ABCD with a nice ABCD in the BC leg.

Click image for original size

It's acting done. I sure would like to at least see my main area.

C'mon, baby, get legs.

Crude is ramping hard. I think this is going to really take off.

S&P500 I use is not an actual index, but CFD. I don't know the details on how my broker calculates its value.
It's a drawback for me as I have to check the difference between the ES quote and my data to figure out value of the ES levels you provide.

Originally posted by jimkane

I'd just say it is because it's the index, but don't you have overnight data on there? Then it couldn't be the index.

Originally posted by jimkane

Marcin, I can't figure out why your S&P charts are like 5 points higher than mine?

It's just soooo grindy and weak looking. But, sometimes, since Mar '09, they grind and overlap then explode it up in an impulse. I just suspect this hasn't got much if anything more to give here.

Ah, I didn't even think about a CFD. Thanks.

Originally posted by MarcinO

S&P500 I use is not an actual index, but CFD. I don't know the details on how my broker calculates its value.
It's a drawback for me as I have to check the difference between the ES quote and my data to figure out value of the ES levels you provide.

Originally posted by jimkane

I'd just say it is because it's the index, but don't you have overnight data on there? Then it couldn't be the index.

Originally posted by jimkane

Marcin, I can't figure out why your S&P charts are like 5 points higher than mine?

TLT update from previous... after taking half off on thursday morning as shown, the close on thursday left me with the same quandry we often get using the tools of this forum... price had thrust down, then done an abcd to line.. classic sell signal.. but given that our longer term charts suggest a larger low in bonds, the bullish scenario would have price completing abcd with equal legs with abcd as middle leg... so i marked an equal leg and placed stop twenty cents below... so far so good .. but time will tell...