Time for some review and look at our long term charts.
ES #F monthly: First posted here in the Lost Decades post. Price has ticked our target along the upper MLH of the Median Lines. Notice the swings up getting smaller. Price has sought out and fulfilled its destiny here. Price is always seeking an area to probe. Now we wait and see what it does with the test. Not interested in buying the next pullback if the sellers hold. Many good lessons here if you pay attention to what was written in the prior post.
CL #F weekly: Been following these lines since 2008 and as price came back to balance at the Center-line in 2011. Swings just contracting and going nowhere since then. Shake em out down to 66 or zoom the Center and I will get interested again.
ZB #F monthly: The Bonds have been in a smooth uptrend for 30 years. For the first time price has gotten above the upper Modified Schiff Median Line parallel but couldn't hang.
GC #F weekly: First posted here at the extremes. Like oil, it has been contracting and boring ever since. When markets are contracting like these, learn not to get excited at every twitch... There is something to learn about phases of trend here as you see the POI, then vertical, and return to it creating a mountain. I will watch the warning line but will also be erasing these lines soon to start over with a fresh look.
6J #F monthly: The yen is in play this year so its one to watch. Price is coming off hard but hasn't done any damage to the uptrend that i can see. Its running into buyers at the Median Line soon and will be probing those buyers.
I have resisted the tendency to erase all the maps and start over so that I can show the continuity from where we started, but I will be doing so soon. Remember that each trade is a new creation...