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tx_ches
Rep: -10
Posts: 514
I guess Jarek isn't back yet.
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jimkane
Rep: 3,058
Posts: 33,089
My 'guess' is the TL will give way. What matters is it a stop sweep, or a real, sustained move. That's the question.
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jimkane
Rep: 3,058
Posts: 33,089
And there goes the TL. Now we see what their intentions are.
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jimkane
Rep: 3,058
Posts: 33,089
BTW, intraday very short-term I'm short-side bias in here, but very wary and cautious.
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jimkane
Rep: 3,058
Posts: 33,089
I'd love to see 1106.50-1107.75, but the 1.128 ext ret at 1113 would be okay, too. I have a key line down in those areas. We'll see.
RO
roofer
Rep: 3,689
Posts: 3,574
and with good reason
Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
In the meantime, watch the GZ here, as usual. This is a perfect place for them to game this, and the layout is such that I'd expect them to.
RO
roofer
Rep: 3,689
Posts: 3,574
my money is on the implied odds of the .382abcd... looking for 1056spx
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jimkane
Rep: 3,058
Posts: 33,089
Great chart, great post, roofer. Since the ES is hitting the GZ at the same time, I'd sure expect a reaction here. Maybe the .886 on gap on 5 plays out a bit, and then the ABCD finishes its move?

Originally posted by roofer

and with good reason
Click image for original size

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jimkane
Rep: 3,058
Posts: 33,089
If they were going to come in on this ES, I'd have thought they'd have done it by now...
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jimkane
Rep: 3,058
Posts: 33,089
I'm staying with my short-side bias, for now, until I see what they do.
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jimkane
Rep: 3,058
Posts: 33,089
Wow, did they shake the tree all afternoon on the 1 and 3-min timeframes. I'm seasick. Glad to be able to take a break now. Pretty exciting stuff, though.