Starting it off.

201.73 - 181.92 = .382 at 189.49
189.75 - 187.63 = .886 at 189.51

ABCD to 82-83.50 ?

1899 and 1903 are strong resistance levels.

I hope you got this, and weren't fooled by the 'retest'. This was 'the spot', and it respected it to the tune of 26.25 points so far. The action has been pretty poor and choppy, though, but in my opinion, tradeable.

Originally posted by MarcinO

ABCD ?

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Yep, it's up against it now. But is 40 area calling to it?

Originally posted by MarcinO

1899 and 1903 are strong resistance levels.

The entire crew today was rat, Marcin, and one new guy who comes in here and there. Oh, well, at least I have you three.

Got it, but didn't manage to 1903. I was afraid it won't make it that high during one day.

Originally posted by jimkane

I hope you got this, and weren't fooled by the 'retest'. This was 'the spot', and it respected it to the tune of 26.25 points so far. The action has been pretty poor and choppy, though, but in my opinion, tradeable.

Originally posted by MarcinO

ABCD ?

Well, one thing I saw in the crisis and I am seeing now is the range expansion. So, that is factored in to what reasonable trade premises may be for a given day. Granted, if this just starts the low volume machine grind back up, the range may contract back, but until I see that, I'm assuming it's not happened yet.

Here are my areas. There is a monster key area at 24.25-30.25, and then around 43.50-44.00, at the key TL. If they really run it, my next area is in the low to mid-90's. I'm just getting them out there, in case.

My preference, my strong preference, would be that Marcin's area here is it, but I think the odds of the machines giving up this easily, after the shift we have seen, right off a super-key area, well, I can't imagine that. It would be exquisitely pleasant if they did, but I can't see it. I'm not saying I can't see taking a short shot in here with the usually 'jumpy, ready to read price action, not married to the position, ready to jump ship in a heartbeat' advanced highly-skilled trader approach, but I think the better play is to sit on the existing long and see what happens from here, at least with some of it. But, you know how price action and the market's 'tenor' can change my view in a blink. And you know I want the short side back, so bad. Patience, though; in time...

Also, there is something around 13, but I am not quite sure what to make of it right now.

Anyway, the ES did something it usually doesn't do, and that's make any kind of move in the Friday after close mini session. This time it kept moving up, set a new high for the entire move, and closed almost at the high tick. It is now fully at the monster weekly backtest line. If this is a bear market, it should roll off this, and roll hard. There is a key area above, built from the immediate price action, and that comes in at 76-87, with a grouping of key Fibs at 94.00-95.50. I could see it hitting the lower end of the area, maybe a little above the lower end, and still be respecting the key TL backtest, but not much more.

Still, does it even seem remotely feasible that this is going to dump to significant new lows from here? The only hope I see at all is that not only do all pundits and analysts say no, it's completely and utterly an impossibility, most readers in here, I believe, are also saying no out loud right now. And that's not meant as a slight to the readers in here, who are among the most highly informed out there, I feel, it's more meant to imply just how good they are at sucking people in. We'll see. I don't really care, from a trading standpoint, what these maniacs do with it. So, that's what I'm working with as we reach arguably the most critical juncture perhaps in trading history.