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MarcinO
Rep: 67
Posts: 5,506
Lot of large scale (M60, M120) sets are interesecting in 34-37 range.

Click image for original size
es 2015 01 25 png
JI
jimkane
Rep: 3,058
Posts: 33,089
But this is a tough area if sellers are still around.
RA
rat89
Rep: 0
Posts: 7,015
ran right up to the .382/ .50 from the two highs today
RA
rat89
Rep: 0
Posts: 7,015
ambush area if they want it
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jimkane
Rep: 3,058
Posts: 33,089
Watch this backtest area very closely. It sure 'sees' it. I think the odds favor it overcoming it, though.
RA
rat89
Rep: 0
Posts: 7,015
look at the 5 minute.....three bars in a row they brought it up to the area and stopped cold
JI
jimkane
Rep: 3,058
Posts: 33,089
I didn't think it would have so much trouble here. This thing is weak.
RA
rat89
Rep: 0
Posts: 7,015
very weak indeed
RA
rat89
Rep: 0
Posts: 7,015
in a strong sort of way ;)
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's another new low for the entire move all right off the area I posted, the backtest.
JI
jimkane
Rep: 3,058
Posts: 33,089
If they don't show up real soon this could get monkey-hammered bad.
JI
jimkane
Rep: 3,058
Posts: 33,089
The linearity of that 200ma is just crazy stoo-pid, isn't it?