Okay, I'm still trying to get my footing here with this new format. I'm not sure where I'm going yet. We'll see...

Okay, top area hit! How cool. Now we see. I'm really hoping this explodes up...

But, admittedly, that would be quite a feat, this area is awesome (very short-term).

Boy, it sees it...

This is for very advanced students, but this is not, in my opinion and to my way of looking at markets nowadays, making a decision about areas right here, this is making a decision about degrees. That's what it is about to show us.

Regardless, pretty frickin' amazing how it went right to my 'sweet' area and rolled right off it...

It was hard to post this more precisely, especially without a chart. On very short-term levels, the noise of the ES, minimum tick being 0.25, and so on, the levels can almost blend together. I had one key Fib at 84.75, but the lines, as they drifted down over time, the lower was at about 84. This was very distinct looking from the middle level on the chart, but not so much in a written description if I included 84 in the upper level. You have to see this on a chart. High there was at 84.50. Dead into the upper area.

Originally posted by jimkane

A few nice upside bounce levels are:

83.00-.50

85.00-.50 (.447 at 86.30)

This is assuming it can get over this tough 80.75-81.75 level...

What would I like here for today? I'd like the area around 93.75. After that, 98. Key .447 is at 1401.61. Note that 99.75 is the 'range' top, and I'd think they'd want to probe that at some point. The first level is a nice confluence, and I'd be thrilled with that as a minimum. Geez, it's only ten points away, and it has about two hours. But, alas, it has to handle this area here, and so far, it's having a lot of trouble with that. I just want better places to look at shorts from, and a more sustainable trend. But, we get what we get...

This just doesn't look like it can handle that area. This may be an ABCD forming here, we'll see, but that pathetic bounce may be all it can do. If so, they are thinking 'flush'. Maybe today, maybe tonight, maybe tomorrow, but that's the mode as I see it.

Super-key spot. The sharks smell blood... The bulls better get the h#%& out of the water right now.

If this ABCD gives way (like it can hold...) I'm watching the GZ at 78.00-.75. The next level is 75.25-76.50, but I think it will go to the next level at around 73-74 if it gets going. It also stands a chance of a total flush if it even goes down there, and it breaks a nice pattern I have, so a flush may be really likely. Last chance for the bulls, and they've got nothing so far.

CDE got hit a little bit this week.