I don't like 'bone' and do NOT like him posting his crap on my threads just so he can display his advertising to my 'new-to-him' audience. I told him to 'piss off' and the post was removed by Baron or an ET moderator which Really pissed me off, so I had the thread closed and don't intend posting anything more on ET - after this. And by the way themickey, they removed your 'hee-hee' post about the number of Likes I had. Had bone been paying Me to post his advertising on My threads that would've been a different matter, payment rate of $1 per View x Total number of Views. Anyway, here's the info I was going to reply with to your question. Tuesday nite Nov 6 unposted reply with charts: TheMickey: See the charts in Part 4 for longer term fibo levels. It's been a Long time since I've done these sort of analyses and I've been neglecting to point out either 'what constitutes a failure', or, 'alternate calls'. The Weekly chart's been having my off-and-on attention since it looks like the Price could hold 'up there'. The attached is the one in Part 4, amended with new declining Price Channel Lines and Retracement fibo. The FOMC meeting starts today and the Announcement on Thursday: https://us.econoday.com/byshoweventfull.asp?fid=481800&cust=us&year=2018&lid=0&prev=/byweek.asp#top "Consensus Outlook Despite strong economic growth and the rise in average hourly earnings, there are no expectations for a rate hike at the November FOMC. There are expectations however for action at the December 18 & 19 meeting which, unlike this month's meeting, will be accompanied by updated FOMC forecasts and a press conference. In an announcement slated for today Thursday and not the usual Wednesday, the FOMC is expected to hold its federal funds target range at a range between 2.00 and 2.25 percent with an implied target of 2.125 percent." Not sure if Monday's Veteran's Day markets' closures applies to ES trading, or if there'll be trading as usual or a shortened day. This Daily chart is derived from changing the Week Time Period chart to the Day setting. Going back to your question, I'll say this Daily Correction Formation is/will be a Large and Complex one and bodes for a Large decline. I can't see the Price rising - a new Bull move to new Highs, certainly not when I look at the Daily, but, you never know . . . ; regarding the low number of 'Likes' — your deleted post I left ET at a time when the site was changed to a new forum software program and 'Likes' being introduced. No idea how many posts I had when I left in 2013 or how may Likes as those quantities were changed on the update and are the same as you see today. " notes: I'm off, see you later #233 Aug 27, 2013 " " Sunday June 21, 2015. I'm back." of course it's possible, even likely the Likes would have been just as low were I posting during the 2013-15 period, but as I always say, if I want to be liked I'll buy a goldfish.