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MA
MarcinO
Rep: 67
Posts: 5,506
The area at which ES stopped on Friday wasn't accidental at all.

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es 2014 05 18 png
MA
MarcinO
Rep: 67
Posts: 5,506
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6b 2014 05 20 png
AL
albert
Rep: 99
Posts: 3,094
Kane DB ABCD completing at 0.564 fibo.

Al Kamego


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k562 png
MA
MarcinO
Rep: 67
Posts: 5,506
LOD here?
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es 2014 05 20 png
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd expect it to at the least produce some kind of reaction, Marcin. But that reaction might just be an ABCD, maybe even one where D is weak. We'll see. If it can get over that, then it should have some momentum to run a bit.
MA
MarcinO
Rep: 67
Posts: 5,506
With still important resistance at 71.

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es 2014 05 20 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, and at 70.50 and the ABCD here, it's in the area now.
JI
jimkane
Rep: 3,058
Posts: 33,089
I don't see it, but if this really got hit to the upside it may shoot for 76.50-77.50 area by the close. I'd be a bit surprised if it can get over Marcin's area, though, in the RTH today.
JI
jimkane
Rep: 3,058
Posts: 33,089
But I've been surprised many times in the past, and I'm sure many more surprises await me in the future.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there is a key flow right here at 72ish (.25-.50), so this is going to be super-key to see if my area is going to happen or not.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's on fire!!! It blew out that flow, it wants my area. It wants it bad now. Awesome. I live to be surprised again. Pleasantly surprised this time.
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.