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MarcinO
Rep: 67
Posts: 5,506
Es might be done at 65.75, with some support area over there, but there is much stronger level in high 30's, which is likely to work like a magnet.

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es 2016 02 07 png


I will also mention 1720, but I don't believe it will be hit soon, so if ever ES is gonna get there it will need more time, so most likely it won't reach that level in ABCD fashion.

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es 2016 02 07 2 png
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jimkane
Rep: 3,058
Posts: 33,089
Die, pig, die!
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jimkane
Rep: 3,058
Posts: 33,089
Look at that! Look at that 1-min bar explosion, followed by a 1-min bar implosion. Crazy.
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jimkane
Rep: 3,058
Posts: 33,089
All that as the Dow got within a point and change of the lower reversal level...
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, give it to me, baby. Die, pig, die. Oink, oink. Boom! Flop. Oops, the oinker piggy is dead.
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jimkane
Rep: 3,058
Posts: 33,089
The Dow just traded under the lower reversal level. Less than a half hour to go, if the Dow can just hold under that...
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jimkane
Rep: 3,058
Posts: 33,089
Give it to me, baby.
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jimkane
Rep: 3,058
Posts: 33,089
I know it's just teasing me. It will accelerate to close just over that level in the last few seconds, you watch and see.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, time for that acceleration now above the critical point on the Dow.
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jimkane
Rep: 3,058
Posts: 33,089
I just can't imagine they will let it close below that key 42 level.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, Dow now solidly above the level, and acceleration in full swing.
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jimkane
Rep: 3,058
Posts: 33,089
Now, a real cool thing that frequently happens is if the Dow cash closes above the key level, and then they bring the futures down before they close to be the equivalent of below the key level. That not uncommonly occurs, and leaves one wondering...