JI
jimkane
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Wow, that was a sweet little 1-min bar stop run breakdown there. I love it. Maybe that's all the downside it has, though. You know the games they like to play before they do a Sunday night GLOBEX/Monday run up. But, one of these times we'll get some real downside... It's sure all set up for some right now, as discussed previously. I'm patiently (Hah!) waiting for it...
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jimkane
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Let's see, comes back in an even smaller ABCD at key lines and Fibs, and then explodes up. Hard to figure that one out... Too funny. I love clues.
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jimkane
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Now this thing has bounced to the main, key .382/.447 area off the top, key lines, a shallow C point ABCD, it's all in here. Now it must decide, correction in a new downtrend (or just a bigger correction), or 'W3' up? Time to decide.
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jimkane
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Think they are willing to sell this off with an hour and a half left to the day, after the big gains off the low? Does that sound like 'them'?
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jimkane
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And, just as food for thought, if they did, what does that say about the control of the bulls, as compared to before?
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jimkane
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Now, does this want one more push up, to say 10.50 give or take, or is is 'basing' for an explosion up here for the next leg of 'W3'? We should know soon.
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jimkane
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Okay, best of the best of the key area now fully hit. 1-min volume divergence. If any sellers are going to come in, I'd expect them right here. Otherwise, ride until close on the long side is what I see.
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jimkane
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Posts: 33,089
So, that level drew the bounce, right to the .786 to the tick, and down it went. Now it's at another bullish 1.000 ABCD at key line and area. 'W3' or CD leg? Can't wait to see. My 'hope' is for a massive sell to start. But, we can't always have what we want...