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MarcinO
Rep: 67
Posts: 5,506
I'll start it off.
My opinion is that 31-35 level for thes ES, posted on the 1st Jan., is even more worth attention given the structure of the correction, especially potential 3Ds into this area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Up what 16, 17 now from where it popped? Took out my area handily. When you get a tiger by the tail, you don't let go. I wonder what inane 'news' this pop is on this time... Like I care... It's always just the same game, over and over, just a different day.
JI
jimkane
Rep: 3,058
Posts: 33,089
And here's the idiotic, inane thing that put almost 20 points on the ES in a blink. Same old, same old. SSDD.

http://www.zerohedge.com/news/2015-01-07/feds-evans-catastrophe-comment-sparks-us-japan-stock-surge-china-purge
JI
jimkane
Rep: 3,058
Posts: 33,089
So, my timing factor is starting to get close, and the European open isn't too far away. Must be a coincidence. Watch closely as this unfolds.
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jimkane
Rep: 3,058
Posts: 33,089
Timing factor right here, at the open. Watch, something is going to happen, I suspect.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is going to be so obvious. Now watch. You can see it coming, right?
RA
rat89
Rep: 0
Posts: 7,015
spy at the close Tuesday.....nothing more than abcd to the .382

Click image for original size
screen shot 2015 01 06 at 7 26 53 pm png
RA
rat89
Rep: 0
Posts: 7,015
and bounce hard to .618 at median line

Click image for original size
screen shot 2015 01 08 at 10 35 46 am png
RA
rat89
Rep: 0
Posts: 7,015
right to resistance in front of the employment report between the .685 and .786.....accident?

Click image for original size
screen shot 2015 01 08 at 2 52 11 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Crazy as it is, since I've been nothing but super-heavy long side bias since that low showed so nicely in the charts from Marcin and rat, but this 3D into a key area (which I wanted to make sure was posted last night and I didn't do it), it was worth a short shot to me. I rarely ever consider going against 20 or 30 point moves, no less 40 pointers. But, recognizing this as a likely to not play out countertrend play, I still find it irresistible for the highly skilled, highly nimble trader.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice charts, rat.
JI
jimkane
Rep: 3,058
Posts: 33,089
Closed on the low tick for the move, a drop of 13.50 points. Not bad.