MyPivots
Sign In
AL
albert
Rep: 99
Posts: 3,094
Here is a new topic.


Al Kamego
BA
Barkley
Rep: 0
Posts: 58
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm thinking 54.50 is the next area I'm watching.
JI
jimkane
Rep: 3,058
Posts: 33,089
That was interesting.
JI
jimkane
Rep: 3,058
Posts: 33,089
So I guess the gist is that since they didn't take 'taper' off the table, the market doesn't like it? The market was expecting them to say full bore QE forever? I guess so.
ER
EricD
Rep: 63
Posts: 692
So if this "PTA" is good I would suspect they would want the 56 level quickly..
JI
jimkane
Rep: 3,058
Posts: 33,089
And that worry got the gov to crank the machines back up, I think.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here they come...
Ramping up the chart...
Get the funniest looks from...
Every bear they meet...

Hey, Hey they're the Rampers...
JI
jimkane
Rep: 3,058
Posts: 33,089
12 points off the low, at a new HOD there.
JI
jimkane
Rep: 3,058
Posts: 33,089
53.00-54.50 or so is my prime area.
JI
jimkane
Rep: 3,058
Posts: 33,089
But... it could really start to struggle as soon as now, so be watchful.
JI
jimkane
Rep: 3,058
Posts: 33,089
Alright, I'll finish with a little visual. Make sure you look at all the posts and the timestamps. Look on a 1-min. This chart is just a guide for what I was saying. Look at it all. They do this all the time, but especially on a Friday when it sets up like this and is dead at the times of day this was.


Click image for original size
ES U3_082313_5min chart



Chart created on QCharts, courtesy eSignal