The area at which ES stopped on Friday wasn't accidental at all.
JI
jimkane
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The area it used was very technical. The area you showed was good, but what it used wasn't without technical merit. Keep studying this one.
Originally posted by MarcinO
If this area at 60 was meant to send it up....
..then 68 looks like a nice place to go long provided proper reaction.
JI
jimkane
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Posts: 33,089
Why? Other than I'd like the upside to be done and the downside to resume, I hate to see a 3D at a SL be blown out. 'Context' matters most, it's not a 'failure' of the concept, it's about the 'context', but still, I don't like to see it.
JI
jimkane
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Posts: 33,089
Can't hack that 3D as many times as it has tried so far. But I can't imagine it weakening into the close when it has failed to sell so far.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, well another what I think was a fantastic week for trading goes into the history books. See ya all Sunday night. Other than the five hour break on Monday from 10 AM to 3 PM Pacific time, the ES will be trading. It may be light, but they use that to move it, too. Regardless, I'll be there.



