Lot of large scale (M60, M120) sets are interesecting in 34-37 range.

big blue bull set negated as of now

There's the higher low. Now watch the bearish ABCD area for clues to see if it's a 'W3', and so on. Same routine, time after time.

Now watch how it acts on the 'backtest' of that big set. That's the key clue.

Originally posted by rat89

big blue bull set negated as of now

Click image for original size

Click image for original size

This is about 21-22 in the ES. That's where I judge the potential on this long.

why, you see a bear abc?

Originally posted by jimkane

Yes. Or how abut the bear has started, and another 30%, 40%, or 50%?

Originally posted by rat89

how about failed breakout and slice back through the pattern?

C'mon, baby, don't fail me now. It's looking tired. It needs to blast, or it's toast.

3D up there, it may be done.

Great graphic.

Originally posted by rat89

why, you see a bear abc?

Click image for original size

Originally posted by jimkane

Yes. Or how abut the bear has started, and another 30%, 40%, or 50%?

Originally posted by rat89

how about failed breakout and slice back through the pattern?

I think that shakeout is done, and now it can do the backtest and we'll see if we have anything bigger here to work with.

If it gets going I'm looking at 27-28 next.

The linearity of that 200ma is just crazy stoo-pid, isn't it?