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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
Look at it roll off that line after all those tries!
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jimkane
Rep: 3,058
Posts: 33,089
Notice, now, the possible TD/flat ABCD here at the lower end of the initial level I mentioned. Next test here, so to speak.
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jimkane
Rep: 3,058
Posts: 33,089
Look at how many 'tries' it has made at 8.50...
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jimkane
Rep: 3,058
Posts: 33,089
The next level I am watching is 5.50-7.00.
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jimkane
Rep: 3,058
Posts: 33,089
If they can handle that 5.50-7.00, I'm really hoping for 2.00-2.50, but there is a minor area around 4.00-.25 to keep an eye on. Now we see if this area here is it...
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jimkane
Rep: 3,058
Posts: 33,089
It's a very labored drop. That makes it vulnerable to a snap up manipulation any second. Too bad it can't just do an impulsive sell...
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jimkane
Rep: 3,058
Posts: 33,089
1.272, many key lines, 7.50, top of the area, it's decision time...
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jimkane
Rep: 3,058
Posts: 33,089
It's trying to act like it's done.
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jimkane
Rep: 3,058
Posts: 33,089
They couldn't even push it fully into the heart of the area. 'Nothing but buyers'.
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jimkane
Rep: 3,058
Posts: 33,089
It sure 'sees' that 1-min bearish DB ABCD, but it doesn't look like any sellers are left, so we'll see. One couldn't ask for more of a chance for sellers. If they aren't there, they aren't there...
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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.