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:

94.03!!!!!!!!!!!!!!

Look at them defend that ES LOD.

Crude just dropped about $6 in a few hours!

is this something like what you're looking for?

Originally posted by jimkane

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.

On a daily chart the recent correction in Crude looks good for a bearish 4PT:



W2 4PT ???

Recall that 90-92 area I mentioned way, way back on crude. It took it over a month to digest, but that line there is why I was looking at that level.

Just look at them defend that ES LOD, again.

Time to gun it?

64 or so next?

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