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:

didn't think so

Originally posted by rat89

and do they mean it here?

Click image for original size

certainly getting closer

Been way too busy to post. 46-47 is my next area, as mentioned before. There are some smaller things before that, but I don't see them holding this. Watch the GZ, though. 'Normally' I'd think the bottom for today is in. But, I'm not counting on them being able to hold this today. Then if 46-47 doesn't hold, wow.

I don't think it is going to matter shortly, but recall that under duress the market likes those .685 GZ's a lot of the time.

.886. Hanging on by a thread. 46-47 calling. 52ish on the way? 53.50 is the 1.618 ext ret of this last bounce. 52.00 is the bigger 1.272. 52.00-53.50?

.886 is bringing in the bounce...

Crude trading 95 handle. 95.18 the previous big low. If that gives way...

Huge crude fireworks about to start...

New low for crude...

94 handle and dropping fast.

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