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

But the defense of the GZ, on a Friday afternoon, is not a good sign for more downside. It doesn't negate that premise, but it isn't a good sign.

C'mon, oinker, give it to me.

Third hit on the GZ draws the immediate snap up. These characters are such idiots.

Nothing ever seems to change with these manipulators...

Watch this 37.25 area like a hawk.

Short interest just hit a four year low. Interesting. One more sentiment indicator at an extreme.

If they get this moving to the upside I'm watching 41.50-42.75, give or take, as my first level. But, it has some things to deal with first, and so far it can't even hack this 37.25 area. They want it off the GZ, but they aren't doing anything more with it yet...

In other words, a 2.50 point range for going on an hour and a half...

It really acts like it could sell into the last hour. That has me wondering if they are trying to make it look that way as a trap...

Try number four on the GZ. 1 to 2-tick game?

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.