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:

A little struggle at 69, then 80???

68-69 is the area. But will it do anything except maybe a tiny checkback?

It wants 79-80 real, real bad, I think.

perverse, but here it is....1.27 at median line of schiff set....can it break the down trend or is it just a trap?

How was that read??? One of my best...

Originally posted by jimkane

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

Okay, area now hit. Will it check back even a little on its march to 79-80? We'll see.

this is where we find out if if's just another bearish abcd

Coming right off 1.000 ABCD/.382. Wow, how shocking. Small checkback over? 79-80 next? We'll, see, it'll have to prove itself.

This 70 area is a good spot for a first test in proving itself.

I just can't see how 79-80 isn't coming real, real soon.

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