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:

Will it hold/bounce? I strongly doubt it. Next area coming, I think. I think it may set new lows today, actually.

The number of swings/whipsaws is incredible today.

now what????

As I think Joed would agree, that is usually a precursor to something big about to happen.

Originally posted by tx_ches

The number of swings/whipsaws is incredible today.

Now it breaks down?...

Originally posted by rat89

now what????

Click image for original size

Spy 5 minute.
Interesting the intersection of blue and brown sets marked with red circle.

46-47 today, 99% certainty, in my opinion.

Not a prediction, just a 1.460 ext ret of today's bounce, and it seems real weak, so I think they want to do it.

Originally posted by jimkane

46-47 today, 99% certainty, in my opinion.

Watch the GZ right here, though, since if they plan to defend it, this is where the games may start.

And this is the next level I posted earlier. But I don't see much to stop this from 46-47...

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