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jarek
Rep: 94
Posts: 3,474
Here is the update of few charts from last week.
DJIA still respects the upper ML of Roofer's The Trade setup at March bottom:


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JA
jarek
Rep: 94
Posts: 3,474
On a smaller scale the last The Trade setup is still in play:


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JA
jarek
Rep: 94
Posts: 3,474
For Crude it is now 6 weeks in row of failed attempts to overcome the Schiff ML resistance. Looks like a beton ceiling:


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JA
jarek
Rep: 94
Posts: 3,474
Very quiet here lately ...

So we now have these two classic Kane ABCDs in ES. Were they both 2nd waves of different degrees?


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JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, real quiet, Jarek. And many times the quieter it gets, the quieter I get.

Hey, anyone catch the ABCD at a .382 and key line in the Aussie? And that first thrust was right to the area almost exactly that I was watching for a first thrust (I was watching .9172-.9188 and the high there was .9183, basis Dec futures). Now we see what it does from here.
JI
jimkane
Rep: 3,058
Posts: 33,089
ES 1,100 or 1,104+ next?
JI
jimkane
Rep: 3,058
Posts: 33,089
It sure does 'see' this key 93 with a line area. For now? Check back and rush up? Or will this actually do something off this? I love watching things unfold.
JI
jimkane
Rep: 3,058
Posts: 33,089
And check back and up they chose. Sweet. I'm watching 96 coming up, in case. It's more than I can cover in here, but there are lots of minor areas as this moves up, and I study those for clues.
JI
jimkane
Rep: 3,058
Posts: 33,089
Reminds me of the old song from the TV series 'The Jeffersons': "Yeah, were moving on up..."

Let's see what it thinks of 96, now that it's there. Too bad the day is almost over and GLOBEX has to resolve this...

And yes, this meets my criteria for a 'hold some into GLOBEX with a stop and see what happens'.
JI
jimkane
Rep: 3,058
Posts: 33,089
96 is really hardcore.
JI
jimkane
Rep: 3,058
Posts: 33,089
The reaction off the 96 area is just amazing. All my mentor students should ask me about 96 the next time they work with me. It's not something I can show outside of the confidentiality of that handful. Sorry, everyone else, but this is so cool I want my students to ask me on this one.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm done with the one man show. I did enough notes, with the time stamps, for everyone to study. Have fun.