My guess is that they want to test the previous low in the ES, so my most optimistic area is between 76 and 82.



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

I had other things there, but that was a big factor in what I was looking for.

Originally posted by rat89

1.27 and done

I meant that was what I was expecting. I would not play that in here at all, myself, at this time.

Originally posted by jimkane

Short-cover bounce play.

My style is let some ride here with a wider stop in case they flush it out into the close.

Okay, keep an eye out. This might do something.

I think this finish is an indication that some serious downside is coming. My charts just air gap from here. Trannies. Russell, the MidCaps are all well below their August lows.

Ride until close. Wow. This is why I prefer trailing stops to targets.

32.50 off that .447 and backtest bounce area. Insane.

1910! That's 54.75 off the jobs report pop, by my data. Holy cow.

After this week, I'm completely drained. Exhausted. Wiped. I'm ready for some rest. All I can think of is a quote by Vince Lombardi:

“I firmly believe that any man’s finest hour, the greatest fulfillment of all that he holds dear, is the moment when he has worked his heart out in a good cause and lies exhausted on the field of battle – Victorious”


P.S. No claims, of course.

and they're probably not done....