No charts. Just opening a new topic.

middle fibs are measuring 1.618/1

notice the symmetry of was was above the consolidation area in the middle and what lies below

there is another area below this, but don't be surprised to see this as the near term exit, or a slight overshoot that ends the move for now

and here we are

.886 on gap on 5 algo hit and exploded

ES looks like it is toying with the idea of a breakdown here, heading for the next level, as posted yesterday.

And there's the break...

Bearish ABCD's across the board on the daily in gold stocks and GDX.

ES acting like all it needed was that stop sweep, which rat also mentioned (...or a slight overshoot that ends the move for now).

This 1-min bearish ABCD may give some clues.

PLACE YOUR BETS.......

Bill Gross Tweet:

"Gross: Pogo said, We have met the enemy & he is us. I say, All asset mkts peaking; W/o central bank ck writing we only have ourselves 2sell2"

I say: Well, Duh, that's just coming to the top people now???

Thanks Jim and thank you for the offer. Please leave my latest posting in the main discussion threat, where it is. The chart seemed worthy of comment at the time I looked at it, but now, not so much. It probably points out that I need to follow price action on the 15 minute and higher timeframes more, in order to see more, as you have pointed out in your books. As usual, the Kane ABCD covered the price action beautifully.

Al Kamego