I sure wish someone else would step up and start these weekly topics...

So, it has been 2 points below this so far. That is within the tolerance range for a level this size, but it is below the lines, and overall I'm not seeing 'respect' for this area. Hence, it seems like more downside would be coming. That would be very odd, though, for a Friday afternoon and into Sunday night GLOBEX/Monday.

Originally posted by jimkane

35.75-36.75 is the next level down I'm watching, and is also profoundly significant by my work, short-term.

Wow, that was a timely comment...

Watch the GZ here for a big clue.

They just love that GZ in situations like this.

But can it save them? Watch this little bearish ABCD.

Treasury budget report out now...

Excuse for movement?

Right down off the ABCD, back down to the GZ low, then a report than means nothing comes out, and it snaps right up off that. Same old, same old.

Still hoping to see the next level today.

Originally posted by jimkane

Now, if this does get going to the downside, after that I have let's say 27.75-29.25, and then around 22...

Note that a key .382 is at 31.00, so let's say that is the upper range of the full width of the area.

Post like this has incredible value for my learning process. Thank you Jim.

I've got many questions how to act in few areas which are shown on the chart and I found are critical in early stage of trade, but I know you can't answer it on the forum. I have ideas and experiment with it and I'm very interested in opinion about it.

Originally posted by jimkane

Okay, here's a chart showing some of my posts, marked at the times, as best as I could do it, when I posted them. Also check out the post I made at 15:53:40. I couldn't find the room to squeeze that one on the chart. Everything I mentioned was based on the methodology. Look at some of the other posts, like the one about the lines coming in. Look at that EXP ABCD. Study the higher timeframes and see why I thought this may go up (other than it was Friday close and time to prep for Sunday night GLOBEX/Monday).

No matter how many cool areas lie below, or how much I want this to sell, 'they' want it up, and the defense of the GZ was a clear signal. Note my post before I started this sequence, about rigorously defending the LOD via the GZ. It wasn't my first mention of that. Clues. Technical factors. The methodology. What roofer likes to call 'the tools'. Now, do some work. Study what led up to what I have shown here.

Click image for original size

Chart created on QCharts, courtesy eSignal.