Welcome back everybody! Good to see so much activity and some new faces here

There was also a lot of action in the market while I was away. The basic question is, as Jim pointed out already, whether Thursday's 3D ended in a meaningful PTA or not. The best lines I could find for this area are following:



They don't look very convincing and there is no pattern, so the reaction at the current area should be very important:

ES is sitting on our line at .886 for some time already, but can't move up off it:

A small drama can unfold for EUR bulls if they are not able to launch a successful top attack off this KZ TD ABCD:

Hard not to agree that this ML provided support many times during Globex session:



What's even more interesting, it looks similar to yesterday's example in Crude - every next test was penetrating it less and less. I wonder if the aftermath would be the same...

One more time ES found support at the same line:



But the move of the potential D point looks hardly impulsive, so I will be watching this line confluence in the Kane Zone very closely in case the alternative scenario is developing

Gann's rule was confirmed and the recent top in EUR was taken out in 4th attempt in a move off a KZ TD I was mentioning earlier:

is this 131.42 area roughly equivalent with your area flagged? I think it is...

Originally posted by jarek

But the move of the potential D point looks hardly impulsive, so I will be watching this line confluence in the Kane Zone very closely in case the alternative scenario is developing

watching gdx 61.15 = .886

Originally posted by rat89

watching gdx 61.15 = .886

taking it short here at .10

iwm bounced at line, at .941/ .618......how far will the bounce get? interesting how the new schiff set sits right on top of the last one....