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:

That would line up with 46-47.

Originally posted by rat89

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.

Click image for original size

Unreal games at that LOD. The 'worst' I maybe have ever seen. They know if it gives way what happens...

Seven defenses so far. I think the odds are like 99+% it gives way.

They really don't want any extra shorts on board when they lose this. Wow.

It's gonna blow!

Eighth attempt draws the snap up.

I don't think I've ever been more sure of a final outcome in my career...

From the movie 'Searching for Bobby Fischer':

'There it is!'

But will it just snap back up?

That's number nine, and up it goes again.

Eventually the destined outcome will prevail, I think, and it should be something to see.

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