JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, I'm just hanging around to see if this ES long can finally take that all-time high. It's not the right time of the day for it, but it's acting like it wants it. Probably just games until the European open.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, so
a) I knew the time wasn't right for it to take out the all-time highs, and all that strength it was showing most likely was a dodge
b) a try at the all-time highs at the 'wrong' time, after five previous failed tries, is most likely only going to lead to a shakeout sell, and
c) even if I'm long, I will pretty much always be thrilled when the market sells, and the more rapidly the more I'll enjoy it
a) I knew the time wasn't right for it to take out the all-time highs, and all that strength it was showing most likely was a dodge
b) a try at the all-time highs at the 'wrong' time, after five previous failed tries, is most likely only going to lead to a shakeout sell, and
c) even if I'm long, I will pretty much always be thrilled when the market sells, and the more rapidly the more I'll enjoy it
RA
rat89
Rep: 0
Posts: 7,015
we are coming into an important area in time and price.....the 1.27 is up at the red line, and I would expect an overrun of the trendlines given the strength of the bigger move. On the 1 minute chart, notice price way outside the expanded bb with positive cci divergence. This, with fibs at 137.27, S2 at 136.99 is a great place to get long for an intraday move.












