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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
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm cautions here, though, as sometimes it blows out a price flow by a little bit, then 'collapses' in exhaustion. This kind of explosion here must not slow down or it's dangerous for it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Notice the obvious 'backtest' in here, too.
MA
MarcinO
Rep: 67
Posts: 5,506
Jim's area.

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es 2014 05 20 3 png
JI
jimkane
Rep: 3,058
Posts: 33,089
And wow does it 'see' this current area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at that!
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, that's as far as it should dip if they are planning to keep it moving up. We'll see.
JI
jimkane
Rep: 3,058
Posts: 33,089
I don't see any more upside, at least into today's close. But it would be fine with me if it hit the area I mentioned.
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, look at how it doesn't like that backtest/flow area. Isn't that something.
JI
jimkane
Rep: 3,058
Posts: 33,089
And it closes cash at a little bullish pseudo-ABCD.
RA
rat89
Rep: 0
Posts: 7,015
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screen shot 2014 05 20 at 4 28 50 pm png
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.