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JI
jimkane
Rep: 3,058
Posts: 33,089
Another week of the Jim and one or two other people show?
MA
Marco-T
Rep: 0
Posts: 41
Daily looks bullish, lower timeframes (15 mins, 5min etc.) bearish.
First thing I noticed as opened my charts was the 3-Drives-Up with a nice .886 retracement.

Sometimes the pattern are so clear that Iam afraid to click the trade. "Too good to be true"-Feeling, need to work on that.

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JI
jimkane
Rep: 3,058
Posts: 33,089
This thing is starting to creep a 3-min TL, so I want to keep an eye on that as this coil tightens in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
57-60 first area overhead I am watching.
JI
jimkane
Rep: 3,058
Posts: 33,089
And if it rolls, start looking at the ABCD areas.
JI
jimkane
Rep: 3,058
Posts: 33,089
Careful at this TL here, this may be it.
MA
Marco-T
Rep: 0
Posts: 41
Re-test "bigger" timeframe trendline.

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JI
jimkane
Rep: 3,058
Posts: 33,089
They want to run this into the close sooooooooooooo bad.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nothing like a terrible consumer credit report to sprout some greens shoots and a rally. I can hear the call now: "Yeah, yeah, the report is going to be bad. As soon as it comes out and starts to drop, start buying. I know the market is a POS but buy, that's what I gave you the $2.4 trillion for. And if that runs out, I'll print up a few more trillion for you. Now just do what I say and buy and don't stop buying until I say so. Got it? Geez, making $100 mil a day, billions in bonuses, and I still have to guide you guys by the hand. Just get out there and buy!" Yeah, I'm sure it went something like that...
ER
EricD
Rep: 63
Posts: 692
that is so scary but it is the truth.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep.

Just 'riding the grind' until close here. Should get a big stop pop in here shortly.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, that's it for me. Another awesome day for the CL. A great week for the ES off that big ABCD, giving nice bias for intraday trading, as well as a nice play off the area for a 'swing' trade. I can't ask for more than we got this week. But, hey, that's just how I see it, just one man's opinion.