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MarcinO
Rep: 67
Posts: 5,506
My guess is that they want to test the previous low in the ES, so my most optimistic area is between 76 and 82.

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es 2016 01 03 png


Key supports on the way down are at 18 and 6-7.

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es 2016 01 03 2 png



Click image for original size
es 2016 01 03 3 png
JI
jimkane
Rep: 3,058
Posts: 33,089
And here they come...
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at that move in crude in the last hour, on a 1-min.
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jimkane
Rep: 3,058
Posts: 33,089
The blastoff should be starting.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, it's looking better for the hoped for downside movement. The exact point when they would blast off they dumped. Give it to me, baby.
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jimkane
Rep: 3,058
Posts: 33,089
But, now it's a bullish ABCD with an ABCD in the BC leg. So, I am going to expect them all the way down. I'm just not feeling the move down to any extent.
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jimkane
Rep: 3,058
Posts: 33,089
Management is still technical, period. I'm just not as confident as I usually am about a move.
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jimkane
Rep: 3,058
Posts: 33,089
1.000 ABCD, and it 'sees' it. Watch closely.
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jimkane
Rep: 3,058
Posts: 33,089
Just give me 26 and change, I don't need 19. I'd like it, but 26 and change would make me quite happy here.
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jimkane
Rep: 3,058
Posts: 33,089
I want to say 'Give it to me, baby!', but in situations like this, it's pretty much the death knell for the move...
JI
jimkane
Rep: 3,058
Posts: 33,089
Still looking good on that short side. The last bounce was exactly as it should have been for a down move.
RA
rat89
Rep: 0
Posts: 7,015
and they're probably not done....