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JI
jimkane
Rep: 3,058
Posts: 33,089
So, another Sunday night GLOBEX session way up, and another new high for the entire 'bull' market, as 1180 bites the dust.

Now, notice when this hit that potential support area I was, once again, ready to get back on the long side bias. And once again we are at new highs for the move. That was some 15 points ago already. My point is, my approach is to lean on the long side until it breaks. Will we see 1,400 soon? Maybe. Could that high tick at 1180.50 there be the highest price the ES trades at for the next ten years? Possibly. Anything can happen. But, what do the odds favor? Which way is the trend? Is the trend your friend? Do you say that, but then fight the trend endlessly? Me, I'm always about my saying: "I'm goin' with the flowin'"
JI
jimkane
Rep: 3,058
Posts: 33,089
roofer, you can discuss the .941 in here, that's not a problem. I'd just prefer it not be publicized 'out there' a lot.

BTW, great charts.
RO
roofer
Rep: 3,689
Posts: 3,574
here are the charts of CF,POT,AMZN....all taken in small size.... when i trade what i perceive to be a chimney, i trade for the point of breakout as my target, not a line from ml set....
Click image for original size

Click image for original size

Click image for original size
RO
roofer
Rep: 3,689
Posts: 3,574
risking 10 to try for80
Click image for original size
RO
roofer
Rep: 3,689
Posts: 3,574
stop lowered to 71
AL
albert
Rep: 99
Posts: 3,094
Kane Standard ABCD. Kane TD ABCD & Kane Pattern-Line-Fib.
Also Kane TD SELL.

Al Kamego


Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Fed minutes...
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, that really moved the market. What's the VIX now, 5?
JI
jimkane
Rep: 3,058
Posts: 33,089
If they don't turn it right in here I'd expect an upside acceleration. I'm talking on the 5-min chart.
JI
jimkane
Rep: 3,058
Posts: 33,089
Acceleration it is.
JI
jimkane
Rep: 3,058
Posts: 33,089
I would suspect that no higher than 90 and this should start to struggle. We'll see, though, as meltups are sometimes quite surprising. My 'resistance' starts here at 88 and runs to about 90. This is where we find out, IMO. In the meantime I let my long-side intraday bias run until it tells me otherwise, just in case...
RO
roofer
Rep: 3,689
Posts: 3,574
came in from my garden and saw i got ''boinked''!after first swing down, i move stop to break even, willing to give them the comish...