ES approached major downsloping ML on a daily chart:


Acceleration, bounce or coil now? In case of the first, our target area is just 4-5% away. Exactly the same as in case of $RUT for the move off its head and shoulders pattern confluent with the green set lower ML:

Four pushes (legs) down into a key area. Now we see. Should rocket up if it is done.

I'd like to see a last little roll deep into the area. And then a failure at that area.

3¢ over the .382 from center of the gap too

Originally posted by jimkane

Four pushes (legs) down into a key area. Now we see. Should rocket up if it is done.

Yesiree.

Originally posted by rat89

3¢ over the .382 from center of the gap too

Originally posted by jimkane

Four pushes (legs) down into a key area. Now we see. Should rocket up if it is done.

ES 5 minute.
Retrace to KZ from low.

Okay, it gave me part I perfectly. Now for part II...

Originally posted by jimkane

I'd like to see a last little roll deep into the area. And then a failure at that area.

wow....they had to hit the .447 off the center of the gap

I don't expect part II, I'd just like it. But, it's something I'd generally give some some breathing room for, in case, on some.

Originally posted by jimkane

Okay, it gave me part I perfectly. Now for part II...

Originally posted by jimkane

I'd like to see a last little roll deep into the area. And then a failure at that area.

81.00 is the RTH low...

Originally posted by jimkane

80.50-81.75 is the next level.

Originally posted by jimkane

What was the setup coming off the 87-87.50 area? Bearish 'W2' pseudo-4PT on the 1-min/tick chart (which would be a 'lower high').

Here's the chart I think.
ES 1 minute.

Okay, that's it for me. I probably won't post again until the Sunday night session.