Starting it off.

ES up to 49 and drop then?

gdx 15 - 19.57 at the blue arrow was .886 on a day that opened with a gap, retest at lower line, after a period of consolidation in the zone where the gold bugs were convinced short was the next move. The algo doesn't predict a move of this size, it's just one, that like the abcd into the kz often indicates the period leading up to a big move is soon to be over.

uso 60 - the blue box is the area from where 10.80 - 8.99 = .886 at 10.59 to where 16.20 - 7.67 = .382 at 10.93

33 is a nice level for ES to strat an upward move, after testing obvious line.

spy 15 – this test and retest we saw Friday and yesterday is just enough to get the bull side excited about the possibilities of a breakout, just as price repels from the upper line with fibs in place.

Yesterday’s gap open gave us 206.07, where 206.49 – 203.09 = .886 at 206.10

Today the opening bounce has less conviction, giving us:

207.14 – 203.09 = .382 at 204.64
206.49 – 203.09 = .50 at 204.79
206.07 – 203.91 = .382 at 204.74

careful buddy ;)

Originally posted by MarcinO

33 is a nice level for ES to strat an upward move, after testing obvious line.

right :)

Originally posted by rat89

careful buddy ;)

Originally posted by MarcinO

33 is a nice level for ES to strat an upward move, after testing obvious line.

8 points up in 2 minutes....
No way to catch it.

That retest of TL at 35 might be a nice long spot.

Originally posted by MarcinO

8 points up in 2 minutes....
No way to catch it.

And it gave 10 points so far.
48 is my AOC for that move.

You're welcome. I hope you can follow at least some of it. I know it's tough at first.

Originally posted by JaLee

Thanks Jim. I'm glad it's the weekend so I can study this and review your previous comments. Have a nice weekend. No golfing...(it's not relaxing, just a good walk spoiled as they say!)