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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
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jimkane
Rep: 3,058
Posts: 33,089
The low so far is 26.25. Like I said '26 and change'. Look how many times it's tried to break below this level.
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jimkane
Rep: 3,058
Posts: 33,089
I'm maybe 60/40 this does break down, at least to sweep under the LOD.
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jimkane
Rep: 3,058
Posts: 33,089
So, they swept the immediate swing-lows, and that drew the machine pop. I'm getting really tired of all this chop. It's been a long, sleep-deprived week...
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jimkane
Rep: 3,058
Posts: 33,089
Just sweep it down already. Geeeeez.
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jimkane
Rep: 3,058
Posts: 33,089
Thank you. Now you can feel free to gun it up if you want. Although I'd love to see 19...
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jimkane
Rep: 3,058
Posts: 33,089
19.75 is the top of the 'center of the area'. 1.128 is already hit.
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jimkane
Rep: 3,058
Posts: 33,089
20.50. I'm calling myself satisfied with what it did. We'll see if it has more, but I'm happy ff that's it. Patience is, indeed, a virtue for traders.
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jimkane
Rep: 3,058
Posts: 33,089
19.25! This might really dump if they aren't careful.
RA
rat89
Rep: 0
Posts: 7,015
1.27 and done
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jimkane
Rep: 3,058
Posts: 33,089
Short-cover bounce play.
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rat89
Rep: 0
Posts: 7,015
and they're probably not done....