So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:
Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...
JI
jimkane
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The ES really wants those ABCD areas in the 70's, but other issues are ready to drop. Very interesting place we are in here.
JI
jimkane
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Will the .886 ABCD be enough? Somehow I just don't see it, but I'll let price action be the giude here.
JI
jimkane
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Posts: 33,089
With GLOBEX data it actually got better than half way between the .886 and 1.000 ABCD. So, it did actually complete the ABCD.
RO
roofer
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i do not know... just trying to show how i am using tools to probe market......


