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jimkane
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Posts: 33,089
Let's see if the bearish 1.000 ABCD to the tick does anything, or if it will just roll in the upper range here until the close.
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jimkane
Rep: 3,058
Posts: 33,089
Sure got boring after the AM session. It looks like they want to take a shot at that 91.50-92.50 area, but who knows. I can't imagine any selling on a 30+ day, but perhaps they close it at the key level here, then the sellers hit it later. Maybe not, though. Maybe it just continues up 30+ a day until the new all-time highs levels are a distant memory. All I can do is decide what's worth taking a shot at, and manage accordingly.
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jimkane
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Posts: 33,089
Bullish ABCD with an ABCD in the BC leg? Don't do me like that... Die!
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jimkane
Rep: 3,058
Posts: 33,089
This is lots of fun. It went up to exactly the spot I'd expect for this bullish ABCD, right into the cash close. Then it checks back hard, and is now bouncing. This is, technically and geometrically, dead on how it should unfold for a push to 91.50-92.50 (maybe 93.00). There were also factors my newer students should see about why it wouldn't go above the RTH HOD during the regular session. Now, I'm not saying it will see this above area, in fact I hope it continues dropping (hard), I'm just saying, they are acting all strong, and that may be the dodge, or it may be they want that area before they drop it. Technically, though, it's following the script pretty closely. Amazing stuff.