MyPivots
Sign In
MA
MarcinO
Rep: 67
Posts: 5,506
I'm starting a new weekly topic.
JI
jimkane
Rep: 3,058
Posts: 33,089
And I barely got that typed and posted and it does it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, first watch this bearish ABCD in here, 64.00-.75, If it overcomes that then 68.50-.75, and after that, 73.00-.25. Center of areas. We'll see, though, if the buyers are for real at this first test at the ABCD. Big clue time. I suspect higher.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm really thinking it wants those low 70's.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, the reaction off the ABCD is finally starting. It took out a tiny swing point. I think it is just a 'trap', and will squirt up and over soon. Let's see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Understand, I won't be 'disappointed' if they dump it off this ABCD. I just suspect the odds are higher they will try to run it up a bit more. Make it look bullish. Dumping off the first ABCD at a key area looks very bearish. Just doing some 'trader talk' out loud here.
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Keep an eye on 61 here as a possible spot for a bounce to start. 61.00-59.50.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm not sure if this can get below 61.00, but 60.25 is the center of the center, the major confluence. Keep in mind, this is like a 1-min area for the very short-term I am watching/discussing. The best range is 59.50-61.00. Somewhere in there is where I'd expect them to come in.
JI
jimkane
Rep: 3,058
Posts: 33,089
60.50. We shall see soon...
JI
jimkane
Rep: 3,058
Posts: 33,089
60.25. C'mon, dump, you oinker...
JI
jimkane
Rep: 3,058
Posts: 33,089
What a crazy finish. This market is just nuts. See everyone on Sunday.