Let's see if this works....never tried to start a new topic...

having bounced off the .886 friday, will it aim into the area of interest up at the .886 of last week's high, or into the box at 1.128 - 1.27, and what will it do up there?

There is some symmetry in that both blue arrows are at .886....ultimately you might expect a move that mirrors the mid march - may move, but without a significant pullback into an abcd, which we haven't seen yet?

5 waves down into this spot, too.

ES 5 minute.
Back to TL. Will it hold?



And below it before I finish my post.

I love this! They gave it all back. Reality sets in. Sellers aren't gone yet. This is awesome.

ES 5 minute.
At the high, it was 161 of last swing, just under 127 of price projection of first swing of day, at WL of schiff set (magenta), at WL of light green set, at ML of another set (brown), and the spike line that played earlier at the 127.

everybody out of the pool already?

wonder why the fed published the minutes a day early.....anything to do with the global sell off last night?

Originally posted by jimkane

I love this! They gave it all back. Reality sets in. Sellers aren't gone yet. This is awesome.

Little mini climax with a fair amount of volume and they just come in like crazy. That's not a sign the buyers are gone and the sellers are in control. I'll see what they do here at this bounce rollover spot, but I'm thinking the sellers are toast. I hope not, though...

Okay, we did get some rollover off the spot, there. But, watch the GZ here on the 1-min for clues. What a battle.

BTW, that was a .382 to the tick, there.

Now let's see if they play the 'nominal new low causes a snap up' game.

better do it from here, or something else is up altogether...

roofer,

I am very sad to hear about your recent misfortune. I will keep you in my prayers. I pray you have a complete recovery and return to your full strength and health. God bless you.

Good Trading, Al Kamego