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:

They want to take out that low...

Originally posted by rat89

it looks bad here....but .886 on spy and dia and 1.128 on iwm.....now what do they want to do?

But you know the defenders will be defending it...

And there it is.

Crude getting really pounded.

I've got a little around 58, then nothing until that key 46-47 area.

But a bounce could start anywhere in here.

snd spy goes to a combination of 1.618 off 128.18 low and 1.128 off 127.26

59 half was good enough for 'em.

I suspect they will go nuts on this to the upside now.

it could always just keep on going, but now we've got another 1.27 on that last swing at the line

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