Hi maydel,

Yep.  AG is on a roll.  We could see 1250 over on the ES.  However, 1250 would break the bullish structure.  Like we talked about before, this pullback was being telegraphed since June. There are alot of similarities in the structure of the last two expansion series. The last expansion wave was smaller than the previous one as well.  Personally, I don't see 1250 in the cards this go around.  But AG is the man.

Bonds are telegraphing a pullback is imminent as well.  Almost every pullback never reached the ML.  So, even though a pullback is imminent, I don't see the mother of all bear markets coming......yet.

JMO