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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
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jimkane
Rep: 3,058
Posts: 33,089
Now time to decimate the longs?
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jimkane
Rep: 3,058
Posts: 33,089
Or just shake them out before a huge pop?
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jimkane
Rep: 3,058
Posts: 33,089
That might be enough there. Watching for the huge pop now.
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jimkane
Rep: 3,058
Posts: 33,089
I now see it as literally 99% that it will set a new high for the move shortly.
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jimkane
Rep: 3,058
Posts: 33,089
Let's see if I'm getting fooled.
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jimkane
Rep: 3,058
Posts: 33,089
You know if I am, and it just chops, I'll step right up and admit they fooled me.
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jimkane
Rep: 3,058
Posts: 33,089
Only chop makes sense, that was my first read. But, it seems obvious, so how can they screw with that? Gun it up.
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jimkane
Rep: 3,058
Posts: 33,089
Here they come.
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jimkane
Rep: 3,058
Posts: 33,089
New high for the move any time now... Then it's free to run.
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jimkane
Rep: 3,058
Posts: 33,089
But it's grinding up and that's 'odd'.
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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.