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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84.50-85.25 would be ideal, but it may not get there, it may stop at this 86.00 here. But that level would be ideal.
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jimkane
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Yeah, Eric, I couldn't agree more, those are, indeed, some of the factors I am considering at this area, which is, also, still respecting that weekly chart area I posted many times (albeit pushing it into a small 'over throw'). We may be in for a more substantial pullback in here. But, I have many other aspects, though, that make me think this may not do much in here, in favor of more upside and an Oct/early Nov PB.
On the other hand, I've been saying for a long time that this area may end the 'bull', and the biggest factor in why I was thinking that is that absolutely no one is even saying that is a remote possibility. But, for the 'bull' to end here it would absolutely need (in my opinion) a market shock triggering event with all the ongoing money printing. There is nothing 'fundamental' that indicates to me the entire 'bull' should end right here. Just some thoughts.
On the other hand, I've been saying for a long time that this area may end the 'bull', and the biggest factor in why I was thinking that is that absolutely no one is even saying that is a remote possibility. But, for the 'bull' to end here it would absolutely need (in my opinion) a market shock triggering event with all the ongoing money printing. There is nothing 'fundamental' that indicates to me the entire 'bull' should end right here. Just some thoughts.
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jimkane
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I think that's it (which disheartens me, since that slightly lower area is so technically pretty), but if (and it's a huge if) this rolled down into an ABCD here it would come right into the area and be just gorgeous. 85.25 would be the best tick to hit on.
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jimkane
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But, out of frustration I've already deleted my price projections off. My frustration only comes from hating to not see such a pretty technical picture unfold, not from trading frustration.
JI
jimkane
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And the top time factor is 14:15-16. The market to Jim: "But, alas, Mon Cheri, it is not to be..."
JI
jimkane
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Yeah, well, Jim says to the market: "I beg to differ, Ma Cherie, the tools are even more powerful than you, my dear."


