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:
JI
jimkane
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Posts: 33,089
Great charts, guys.
I'm watching the 1090-92 area next. Although they may do an .886 'test' right here, I have some serious magnets at the mentioned area. If they sold below that into a Friday close that would be noteworthy. I have a serious area in the DX from right here to just above, so I'd think we are close to a bounce. Staying short side ES bias for now, though, until I see what it does.
I'm watching the 1090-92 area next. Although they may do an .886 'test' right here, I have some serious magnets at the mentioned area. If they sold below that into a Friday close that would be noteworthy. I have a serious area in the DX from right here to just above, so I'd think we are close to a bounce. Staying short side ES bias for now, though, until I see what it does.
JI
jimkane
Rep: 3,058
Posts: 33,089
Looking like a one tick from the low bounce. I would expect some serious buying in here, as the DX rolls over, but we'll see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Keeping an eye out at 1103.50-04 area next (if it gets over this 1101 area here).







