Es might be done at 65.75, with some support area over there, but there is much stronger level in high 30's, which is likely to work like a magnet.



I will also mention 1720, but I don't believe it will be hit soon, so if ever ES is gonna get there it will need more time, so most likely it won't reach that level in ABCD fashion.

Nice charts, rat. They all show what I am expecting, this has another leg down that is unfolding right now. Then a bigger bounce, then some more downside. At least that's what I think is mostly likely unfolding. I have a lot of weekly stuff around 1700 and then 1600. I'm really hoping for at least a 900 handle, though...

You USO chart really implies that we may get that low 20's on crude.

Notice how the ES and the $SPX took out the Jan low, but the SPY fell 7 cents short? I'm guessing there were some program games set to trigger on the SPY and they didn't want that to happen yet. Subtle difference, but enough to perhaps really change the scenario.

The crazy thing is I am sure this is only a bounce in gold, and new lows will be coming. I was thinking that 600's area (most say 650) was still fully on the table, but I am not as sure now. Maybe just into the 900's. I hope the former.

Okay, it looks like I am going to get my sweep into the close on the ES. I'd like to see like 37 or so at least. And an explosion wouldn't break my heart.

Okay, they got both the highs. That might be it. I'd like it to get going, though. Why not get a lot more from a long at this point?

This is a bearish flat/standard hybrid ABCD here right at the backtest line and KZ, but it seems too obvious to me, and it's hitting it pretty close to the close. It's a great setup for the next leg down, but, as I said, it's just so obvious I can't imagine it playing out cleanly. Hence my desire for a bigger pop here to shake 'em out.

Nazzie went green awhile ago. That's crazy to me, but it's been a lot stronger today, relatively.

Now, a real cool thing that frequently happens is if the Dow cash closes above the key level, and then they bring the futures down before they close to be the equivalent of below the key level. That not uncommonly occurs, and leaves one wondering...