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jimkane
Rep: 3,058
Posts: 33,089
At least we have a Sunday session to work with... Given the run up into the aftermarket close on Friday and the 'news' that the joint Israeli/US military exercise will be postponed, the market could really gap and run. On the other hand, we are hitting into a super-key area for the intermediate-term, and if the 'top' is in, this is an area it really should roll down off of. I think we are at a crucial time/area. I'm looking forward to this week.
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jimkane
Rep: 3,058
Posts: 33,089
I'm hoping it doesn't. That would open it up to some real selling. 82-84 is a big area.
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jimkane
Rep: 3,058
Posts: 33,089
89.25 here is a key .447. Below that I'm watching 87.25-88.00. That 82-84 area is a big one. I would love to see it get there today.
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jimkane
Rep: 3,058
Posts: 33,089
But this is right at a key price flow here, SL, and other lines. It 'needs' a bounce. If it breaks down from here, it will likely be a fast climaxing move (as far as the short-term), in my experience.
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jimkane
Rep: 3,058
Posts: 33,089
Give it to me, baby!
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jimkane
Rep: 3,058
Posts: 33,089
88.50. Is that it?
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jimkane
Rep: 3,058
Posts: 33,089
Roll for me, you piggie. C'mon, oinker, give me that 82-84 today.
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jimkane
Rep: 3,058
Posts: 33,089
Oh, yeah. Fully hits the next level. I love when level after level get hit and taken out when I'm playing off a bigger area and trend move. Okay, there goes the level. 82-84 is coming into a realistic view for today!!!! Yeeeeee-haaaaaaaaaaaaaaaw. Man, am I excited.
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jimkane
Rep: 3,058
Posts: 33,089
87 here is also a 'line in the sand' based on totally different techniques for a reversal or trend continuation for the remainder of the day. If that level gives, it implies, based on some other work I have done, that it will continue down. So, this is do or die based on that work.
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jimkane
Rep: 3,058
Posts: 33,089
Point being, unless they kill it (they may...), it's close. Here, or near here, and that's it. So, for my short-side bias I am 'tightening it up', while still trying to allow for a collapse with some. That's my typical approach in a situation like this.
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jimkane
Rep: 3,058
Posts: 33,089
C'mon 82-84. C'mon, 82-84...
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jimkane
Rep: 3,058
Posts: 33,089
It couldn't reach for the level I was watching, that will have to wait for Sunday night GLOBEX, but it did set the new high for the entire move by one tick! These guys, they are so funny. See ya all Sunday.