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MarcinO
Rep: 67
Posts: 5,506
The week close for ES was a bit shy off a typical W2 range, so maybe we will see a nice correction eventually, after a week of almost one direction market?
1840 with the timing shown below looks very unlikely, but just in case...


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es 2014 03 09 png
JI
jimkane
Rep: 3,058
Posts: 33,089
It can't get off the floor. It is soooooooooooooooooo weak it's crazy. They usually make it look that way right before a big jump up.
JI
jimkane
Rep: 3,058
Posts: 33,089
But, in this case, they have me believing. I might just be a big sucker, but they are good enough in this case to convince even me.
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jimkane
Rep: 3,058
Posts: 33,089
Pretty close to time to post a smiley face.
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jimkane
Rep: 3,058
Posts: 33,089
Just woke up to use the bathroom and checked it out. It has the look like it is going to be down -20 tomorrow. All I can say is, they better be careful in here or swoooooooosh. Maybe they will wake up in here at this key area, or maybe they will flush it out in the AM for better prices. But they better get some respect soon or it's gonna get monkey-hammered. Okay, back to bed, the market open is in a few short hours...
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MarcinO
Rep: 67
Posts: 5,506
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es 2014 03 112 png
RA
rat89
Rep: 0
Posts: 7,015
after the open gap down and bounce, we've been hanging around the kz all day
RA
rat89
Rep: 0
Posts: 7,015
and the q's up at the .618


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screen shot 2014 03 12 at 3 09 13 pm png
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jimkane
Rep: 3,058
Posts: 33,089
Let's see if they follow through up now after all this congestion...
JI
jimkane
Rep: 3,058
Posts: 33,089
Ticked the HOD.
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jimkane
Rep: 3,058
Posts: 33,089
So, it's now 21 points off the nominal new LOD low. All I 'knew' was this was going to do at least 20+ points soon, and it did. I'm not fudging this read, take it with a grain of salt. It just had that manner about it that it has before a 20+ run is imminent. They had to drive it down for better prices first, but then they did it. It was just 'up' instead of down. Like I said, they better be careful or it will get crushed. They knew that. They made it look weak, they drove it down for better prices, then they ran it up. I wish I could get a better handle, consciously, what it is I pick up on when it's getting ready for a move. I don't 'see' all of them coming, only certain ones. Some subset has this 'look' to it when something is about to happen. I have tried to figure out exactly what it is, but I haven't yet...
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rat89
Rep: 0
Posts: 7,015
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screen shot 2014 03 14 at 6 19 46 pm png