JI
jimkane
Rep: 3,058
Posts: 33,089
ES looks ready to crater. 'They' better come in here or I see a swooooooosh coming.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nope, 'they' did come in as hoped, and the ES is now at a new high for the entire move. This pleases me (just not deep down inside, for reasons already discussed at length) because I am still long side bias.
JI
jimkane
Rep: 3,058
Posts: 33,089
Understand, this is right up against that upsloping overhead SL in here, with another, higher timeframe one maybe 3 points higher. It either has to break out over it, or come in (well, it could grind up along it indefinitely, but I am not seeing that as too likely).
JI
jimkane
Rep: 3,058
Posts: 33,089
Another grinding new high for the entire move, grinding up on that SL.
JI
jimkane
Rep: 3,058
Posts: 33,089
The higher timeframe SL is now fully hit, and it 'sees' it. Now we see.