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:

C'mon, bounce and roll right off my next level and GZ.

46-47 seems so 'predestined'.

Amazing, though, how my next level and (early) GZ stopped it dead.

Low in here 57.50! As with the previous level, I'd be shocked if it holds for long.

Originally posted by jimkane

...my next levels to watch are 60-60.50 and 57.25-.75.

Siren on the rocks, calling to the ES:

"My location is 46-47, come see me. You know you want to. You can't resist me. Come to me... The rocks aren't dangerous. Come to me..."

hmmm....that would be 1.46 off april low too, no?

Originally posted by jimkane

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.

Yes, that was a big part of determining the initial area.

Originally posted by rat89

hmmm....that would be 1.46 off april low too, no?

Originally posted by jimkane

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.

Deep in the GZ now. Last chance to steer the ship away from the siren, calling, calling...

GZ bounce about to start?

ES 3 minute.
It'll have to bounce higher if it wants to hit a KZ off the high or its LH.

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