MyPivots
Sign In
JA
jarek
Rep: 94
Posts: 3,474
So we have the continuation of grilling of the bears betting for the big W3 down. I don't think it already reached the point where all of them gave up, so there should be some fuel left for the further rise after these games in the Game Zone:


Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks for starting the topic, jarek. It seems if you don't, no one will. For the most part the participation in this forum, outside of a few people, just plain sucks.

Did everyone see that amazing move off the 'Game Zone' on the 3-min? This was particularly a high probability move, in my experience. It was a near perfect 'trap', and they really took advantage of it.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is a key spot right here at 14.50. I doubt it will stop this, so the key comment is mostly useful for me as an upside clue when it takes it out. Note this could be forming some type of bearish ABCD in here, but being bearish in here when 100% of the people are bullish? Nah, up is the direction, I can't be bearish...
JA
jarek
Rep: 94
Posts: 3,474
It is interesting to note that despite rollover our upsloping set still guides the price action well. I wonder if the upper ML will not become the ultimate target for this rise:


Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch this ABCD here very, very carefully.
JA
jarek
Rep: 94
Posts: 3,474
I understand that you refer to this one:


Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes. Stopped it dead for almost 20 minutes now, but likely that is just 'consolidating' for the upcoming upside blowout.
JI
jimkane
Rep: 3,058
Posts: 33,089
The curious thing is how the 10-year has been rising since the ES hit this area, and is now accelerating up. This implies the ES respects the area, which I just don't see... ZN needs to roll over hard in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
And as soon as I post that, the ES drops sharply. I can't wait to see what it does from here. Another KT area finds the spot
JI
jimkane
Rep: 3,058
Posts: 33,089
So, the checkback was to the .382 to the tick, and then up and over it goes, exactly as I suspected. Long live the bull.
JI
jimkane
Rep: 3,058
Posts: 33,089
The curious thing is the ZN is still strong. It is possible, although I'd think unlikely, that the ABCD completed there with this last stop run push up.
RO
roofer
Rep: 3,689
Posts: 3,574
and so it goes
Click image for original size