JI
jimkane
Rep: 3,058
Posts: 33,089
Now, short-term, on the way to higher levels, I am watching:
98.50-99.00
1208.00-.50
1217.50-18.00
But, this area here, which I just mentioned at 94.50, and which it pushed up to 95.50 in the meantime, it has to deal with that first. I'm not sure how it will handle that yet. I suspect we are now in a big leg up, but it will have to prove itself to me at this point. I think it will soon.
98.50-99.00
1208.00-.50
1217.50-18.00
But, this area here, which I just mentioned at 94.50, and which it pushed up to 95.50 in the meantime, it has to deal with that first. I'm not sure how it will handle that yet. I suspect we are now in a big leg up, but it will have to prove itself to me at this point. I think it will soon.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, for all you very short-term ES traders in here, of which I know there are some, watch this little potential tick/1-min lower high here at this area. Watch and see if they respeond to that, or blow it out to the upside. I think it will be the latter, but this will be a big clue, to me, very short-term.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, as I suspected, the 'lower high' was the C point of a little ABCD, and up to a new high for the move it goes. But, look at the response to that. They surely are struggling with this area.
JI
jimkane
Rep: 3,058
Posts: 33,089
I didn't realize that as of the close yesterday, that was the best 3-day rally since the March 2009 low! Wow, that's awesome. I guess we are out of the woods.
RO
roofer
Rep: 3,689
Posts: 3,574
hit the .886 on gap on 5 at geo.... five times today.... all worked....






