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Kane Trading Group
Trading Discussion, week of 1/3/16 to 1/8/16
MA
MarcinO
Rep: 67
Posts: 5,506
0
10 years ago
My guess is that they want to test the previous low in the ES, so my most optimistic area is between 76 and 82.
Click image for original size
Key supports on the way down are at 18 and 6-7.
Click image for original size
Click image for original size
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JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
Now watch this 30.25. Blah, blah, blah, all the way down.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
I am seriously concerned that is it.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
I couldn't resist...
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
So, just a fake of the downsloping TL here, or an ABCD move to 49?
MA
MarcinO
Rep: 67
Posts: 5,506
0
10 years ago
I have to call it a day earlier.
See you later.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
TL fake, back down, now the hard-core blast off? It's set up for it. If they can't do it, I expect hard downside pressure into the close.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
Okay, catch ya later.
Originally posted by MarcinO
I have to call it a day earlier.
See you later.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
My 26 after all? Then 19? One can only hope.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
Most likely just a shake then blast up, or chop until close.
JI
jimkane
Rep: 3,058
Posts: 33,089
0
10 years ago
C'mon, 26, C'mon, 26. (Paraphrased from what movie?)
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RA
rat89
Rep: 0
Posts: 7,015
0
10 years ago
and they're probably not done....