I'll start the new week off. I'm watching around 16.50 for the ES, there is a lot of stuff there. Like I said, it could push a bit higher, but there is a lot coming right up in here, and if that doesn't check it back a bit, that would indicate to me immense strength. I'm still looking at my higher timeframe scenario, with two areas. Let's say 1830-60, and around 2000. Both are technically solid areas, but I like the 2000 area better (although, admittedly, it would take a monster blow-off to achieve that) for several reasons, one of which is it would set up some harmonicities that would be remarkable.
I am still watching that possible new proprietary timing thing that has this rising until Oct-very early Nov, and then a final push into Jan. It would be amazing if it was destined for the 2000 area if it did that first time area pullback right off that 1800's area. I had said I would post something on the bear market and oil at perhaps $250 this weekend, and I may, or I may get to it 'later'. I'm just one person, and a person with limited energies, so I'll do the best I can...
JI
jimkane
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Interesting. This does appear primed to go down here, and not that look like it will and then they trap everyone, this looks like some real down is coming. I thought sure they would want to push it over the more minor area of 1704-07 and up to the next level, but it sure seems like the checkback is going to come right off that SL, no 'throw over'.
JI
jimkane
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There's the new low for the move. Will they snap it up now, or will it sustain? You know I'm hoping for a little more downside.
JI
jimkane
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I'm pretty tired right now (that's the understatement of the year) so I'm not going to post much, but let me say that the best very short-term level I have is 80-82. There are some nice things, though around 83-84 and 86-87 (the low here at 87.25 may be it). So, 'somewhere in here'. In my opinion, there is literally nothing after that until my key intermediate-term area around 1580-85.
Okay, okay, I do not mean that literally, there are things here and there before that (there is a nice area around the KZ from the June low, 37-47), but short of stolen money manipulation I think it would head there fast. I still believe, though, that it should get picked up in this area here and push higher into that overhead area I posted before. The only issue I have with that is how many people I have started to hear mention that area. We'll see.
Okay, okay, I do not mean that literally, there are things here and there before that (there is a nice area around the KZ from the June low, 37-47), but short of stolen money manipulation I think it would head there fast. I still believe, though, that it should get picked up in this area here and push higher into that overhead area I posted before. The only issue I have with that is how many people I have started to hear mention that area. We'll see.






