Here is the update of my longer term ES chart:
I know this potential drop of 10% in a couple of weeks is hard to conceive for some. But I can't find a better explanation for the corrective nature of the March-May rise
JI
jimkane
Rep: 3,058
Posts: 33,089
Set line next. None of this should be any issue for it, I suspect. We'll see.
JI
jimkane
Rep: 3,058
Posts: 33,089
'Normally' it would check back in here before trying the next level, in my experience. But, you never know the way they manipulate things nowadays.
JI
jimkane
Rep: 3,058
Posts: 33,089
My next bigger key area is around 34-36. I'll refine this later if it does head up that-a-ways. What I don't like about that area is it is a very, very, very obvious area that has been tested many times (the TL), and it would do it with an ABCD. Too obvious. Makes me think if it got there it would be a 'W3'.
JI
jimkane
Rep: 3,058
Posts: 33,089
First area just stopped it dead. Amazing how that happens. It may be just resting now for the next burst. We'll see. It does what it does.


