Here is a new topic.


Al Kamego

Thar she blows! New LOD and for the move. Probably just by a few ticks and then a grind back into the range. I wish the bee-atch would just flush to 40-42, even 45, and be done with it, then do that 50 point bounce it wants to do (off the open, in an hour and a half, in a perfect straight line...).

No, I didn't mean the whole 50 in an hour and a half, those are usually 20-24 per burst.

Notice how if this moves down to say 44 it is a (very choppy) 3D into the area. It is even now, but the SL hits around 44 for symmetry along the lows. That would be interesting. Likely, though, it only wanted to slow grind below the low there, and that's all.

feels like a trap

The area from 40-44 is just a profound one by my work, and as you all have been reading, one I've been waiting on for awhile now. I'd really like it if they were able to push it down just a tad more... 47.25 at the key .382 here is good, but a bit lower is better.

Give it to me, baby.

They are trying to make it look like that is it.

That TLT looks close to a bounce zone. I'm not getting the type of confluence I'd like, I'm getting two areas, one for Fib, and one for line, so I'm not sure what the deal is. The Fibs are from here down to maybe 101 (that includes one crazy TL). The lines come in from say 98.25-99.25. So, 'somewhere in there' I would expect a bounce. If not, 'it's all over'. I don't think it's time for this to be over quite yet, so I'm looking for the bounce. Just some thoughts. If one wants to do some bond research and likes ETF's vs. futures, here's part of my watch list, grouped. Look at what they are when you pull them up, I don't want to write all that up.

IHY, IBND
LQD, ITR
BND, AGG
EMB, PCY
HYD
JNK
MUB

One look at those and you can see we are in a world of hurt, right on the edge of an epic disaster. And I can't see anything that can stop it.

Let me also mention I have some additional Fib and frequency stuff that comes in at 95 and change. I wasn't really thinking much about that because it would violate the key lines by quite a bit, but there is a sliding // that hits right there, so I'm thinking that is a very likely area. I'd think it would need a bounce to get there, though.

Let me add that my $TNX work is showing 3.20-3.25 as a key area, and that is the same distance away, proportionally, as 95 and change is for the TLT. Coincidence? So, that's what I'm really looking for.

Roll down, ES, roll on down. Give it to me, baby. 44, 40-42, I don't care, just give it to me.

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.





Chart created on QCharts, courtesy eSignal