Here you go. I have no charts yet.
Al Kamego
JI
jimkane
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Posts: 33,089
Now, much as I hoped for some selling, after this little range here (look for the fractal with the start of January move), and how it's acting, I think the odds just went up that it is wanting to 'throw over' this and 'break out' to the upside. I hope not, but it sure is acting like it. If so, it may grind like January, but it may also do another 20 point pop. The fake jobs report tomorrow may play into this, depending on how much they run it by then.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, it seem unlikely, but I'm thinking 20 again. From the recent low.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, I'll go ahead and commit that my highest likelihood premise is +20 from the recent low, give or take, tomorrow. It's hard to say what the jobs report will bring, so I can't say now if they plan to run it +20 before the report, then do who knows what, or run it some, then gun it on the report, or what. But, it is clear to me now they plan to run it. Sure, there is a ton of stuff coming in up a point or so from here, and that's a very climax-y looking move on the 1-min, but I think they want the 'throw over', and probably not the fake and then down. So, I'm thinking maybe around 1560 basis March tomorrow (and yes, today was rollover day, but they haven't moved enough yet for me). I'm not 'predicting' the market here, just saying this is what it looks like they are planning. If not, great, because I hate 'hold the nose and get long' trading. Understand, this is just me 'thinking out loud'.