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jimkane
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Up 34 points by my data, essentially straight up off that area last night.
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jimkane
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I hope they can reach for that 2102 today. I'm not saying that will stop this from rising, only that there are some things in this area and it could. Otherwise some nice lines come in just before the all-time high. It very well may want to just shoot for that. But, my experience says they like to save the moves. Hit a high, bring it back in for better prices, suck people in going both ways, run it up, lather, rinse, repeat.
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jimkane
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2100 with a last push there. They will likely just pick it right back up again, but it has everything in place now that it needs to come back in.
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MarcinO
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Area hit. We will see soon if there's a reaction or not.
Originally posted by MarcinO
The Cable is likely to hit 1.5370 range, I guess.
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jimkane
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Ho-hum on the ES, not much to say. New high for the move, nice smooth trend after they brought it back in for better prices with an ABCD. Just grinding up for the new all-time highs. Back to that SL with a last little push look. It could come in with a bigger move off this, but I don't think that's likely. I think it will more likely 'break out' to the upside and get those new all-time highs (not likely today, they'll want to hit lots of new highs for the move then bring it back in, and play that game). But, timing-factor-wise, it is ready to come in more seriously. This is fun stuff.
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jimkane
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If this wasn't in such a frenzy on the higher timeframe (I mean, look at this thing since 'the big low'), I'd say this should come in rather hard right here from this spot.
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jimkane
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Okay, watch in here. I think it will need a bigger correction, but if they are still in the same mode as they were on the way up, here's where they'll come in. I can't see it, but this is the place if they were.
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jimkane
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May not mean much, but in 'the old days' sentiment was a big factor in my higher timeframe assessments.
http://www.zerohedge.com/news/2015-11-03/nasdaq-surges-most-overbought-year-greed-nears-2015-peak
http://www.zerohedge.com/news/2015-11-03/nasdaq-surges-most-overbought-year-greed-nears-2015-peak