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...

Here they come to at least take a shot at it...

Originally posted by jimkane

I still think they want a decisive upside resolution. I'm not sure they have the juice, but I think they want it bad. Blow out that ABCD so they are free to run.

Totally and ruthlessly denied! What a battle at this ABCD. Incredible. Closes right at the key area.

So, no matter the interpretation of the price action, the ES spent the last almost two hours in a 3.25 point range, chopping like a Japanese Ginsu chef...

And the last appx. four hours in a 5.75 point range. Great...

Exactly. Thanks to Jim this place is one of a kind.

Originally posted by albert

I agree with sirios.

Originally posted by sirios

In my opinion, thanks to Jim, this forum is the best place to learn trading in the world. Really.

Al Kamego

So, AMZN misses, guides lower, and is getting pommeled in the aftermarket. I wonder how much it will be up tomorrow?

It looks like I have a small but loyal following of people who see the merits of what I have spent appx. 40,000 hours developing, and which I share tirelessly and selflessly with people for what amounts to a pittance. I'm thankful for that.

Originally posted by MarcinO

Exactly. Thanks to Jim this place is one of a kind.

Originally posted by albert

I agree with sirios.

Originally posted by sirios

In my opinion, thanks to Jim, this forum is the best place to learn trading in the world. Really.

Al Kamego

We are thankful that you want to do it. Great thank you, Jim.

I have a lot to learn and so little time to study....Jim's work is fantastic.

Also, that chart Al posted is my favorite of the week

Originally posted by rat89

I have a lot to learn and so little time to study....Jim's work is fantastic.

Also, that chart Al posted is my favorite of the week

Thank you rat. You are too kind, and the week is still young. I think Jim has made a great place for us to learn about markets. I learn here everyday and I love the charts and thoughtful comments posted here.

Jim has a way of cutting to the chase and I was puzzling, in that chart I posted, based on Jim's trendline, over why the price turned so sharply up at the ML Lower //, as Jim commented. My work was hindsight. This is fun.

Originally posted by jimkane

I wonder why the ES reversed so sharply this AM? Yes, it was an ABCD with an ABCD in the BC leg. Yes, it had the key Fibs I look for in there. And yes, it had some incredible lines right there. But never overlook the obvious. This was a critical factor, to me.

Click image for original size

Chart created on QCharts, courtesy eSignal.

Good Trading,

Al Kamego

I think it also pays to look at other markets when doing 'intraday swing trading' (daytrading to most). Gold, the currencies, and crude were anything but dead today.