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.



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.

It's going to be a close one. My guess is they finish it just above, by a smidgen...

It's looking pretty strong now, though. Maybe it just accelerates into the close now that they've shaken it out. I see no dnager of the Dow closing under the key level. You think they don't know about that level?

The Dow closes solidly above the key level. There never was any danger in my opinion of it closing below. They knew exactly where that level was before this week even started, and they knew it was to close above it, period, end of story, in my opinion. What a week.

Despite the fact that it held the key area, and that's really all that matters (to Armstrong), it is the lowest weekly close in the Dow in over two years, and a new weekly closing low for the entire bear market so far. Not that it matters...

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...