MyPivots
Sign In
MA
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.

Click image for original size
es 2016 01 03 png


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

Click image for original size
es 2016 01 03 2 png



Click image for original size
es 2016 01 03 3 png
MA
MarcinO
Rep: 67
Posts: 5,506
Futures are closed till 6 p.m., but spot market is making a second atempt on overhead TL, which is the only resistance on the way to 80's.
MA
MarcinO
Rep: 67
Posts: 5,506
And it fails to break above the line.
MA
MarcinO
Rep: 67
Posts: 5,506
Third try and we're above it!
MA
MarcinO
Rep: 67
Posts: 5,506
Third try and we're above it!
JI
jimkane
Rep: 3,058
Posts: 33,089
Ah, Lemmy. In the end he got his wish:

"But that's the way I like it baby
I don't want to live forever"

He had a lot longer journey than I ever thought he would...


Originally posted by MarcinO

I know that one, but prefer 'Ace of spades', sung by the late Lemmy.
Originally posted by jimkane

Yeah, ABBA did a song about that. It was called 'The Name of the Game'.


Originally posted by MarcinO

So ES is repeating M240 violation games on M10 now. No TL can last for too long.


MA
MarcinO
Rep: 67
Posts: 5,506
Pound has just hit 1.4620, lower boundary of the area below key TL, in a nice 3D pattern.
MA
MarcinO
Rep: 67
Posts: 5,506
RA
rat89
Rep: 0
Posts: 7,015
spx then and now:

Click image for original size
screen shot 2016 01 05 at 11 15 54 am png

Click image for original size
screen shot 2016 01 06 at 9 38 41 am png
RA
rat89
Rep: 0
Posts: 7,015
It looks as though oil is heading into an inflection point

Click image for original size
screen shot 2016 01 06 at 9 58 10 am png
RA
rat89
Rep: 0
Posts: 7,015
sco is a thing of beauty here...

From May – September, price ran up to where:
110.94 – 50.90 = 1.46 at 138.56 (137.18)

Purple median line set nailed the move down from there to where:
50.90 – 137.18 = .786 at 69.36 (69.91)

Now, with an impending inflection area on wti, sco is also heading into an inflection point where:
110.94 – 50.90 = 1.618 at 148.04
137.18 = 69.91 = 1.27 at 155.34
147.69 – 123.71 = 1.27 at 154.16


Click image for original size
screen shot 2016 01 06 at 10 52 43 am png
RA
rat89
Rep: 0
Posts: 7,015
and they're probably not done....