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 ...

See, they like to trap suckers in that .786/.886 zone, whether or not they intend to drop it to a new low.

Paraphrasing Al Stewart: "It's just a game that they play."

Okay, just keep in mind that may be a short-term bottom there and it goes up 30-40 points now.

54 and 58.50-60ish are my next key areas.

I'm not saying it gets there, I'm saying if it does I may be interested.

Okay, there is a spot to watch in this 37 area, but I think they want to get as close to 50 as they can before the close.

But you all see the DB ABCD at key Fibs and lines right here, right?

USD has a key spot here, though, so keep in mind that lines up with the bearish ES ABCD here...

Scary..Scary...Jimadamus..i just checked the times with your commentary....In my opinion You are in the wrong profession..

quote:

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Originally posted by jimkane

Okay, there is a spot to watch in this 37 area, but I think they want to get as close to 50 as they can before the close.

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So, 37.50 checks it back 6 points, the USD bounces off its area, then rolls. They pick up the ES, and rocket it to a new high for the move. ES hits its 1.272, and stalls. I have a key set line right here at this 1.272. But they want up, and that 30-40 rise is calling this...

Okay, 67 was it. See ya all Monday. Great posts, everyone.