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MarcinO
Rep: 67
Posts: 5,506
If I am correct and the Pound is going to retest 1.47 area, it looks almost ready to go straight ahead there.
The level is between 1.47 and 1.4750.
JI
jimkane
Rep: 3,058
Posts: 33,089
Same old, same old with the ES. It came way off the minor area I discussed, right to a nice confluence, and right back to the area again, where it's been for hours. I think it's ready to take that out and head for the 1915 area now. We'll see. You never know, there is a slim (very slim as I see it) chance it could 'fail' here and head down. That's not a bet I'd take right now.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's ready to blow...
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at how this is going to close right at the highs, after so many tries, right at the key spot. Will it then gap up and over on the reopen? Or will it burst up in the period after cash close but before futures close? These maniacs never change (and that's good for the observant trader).
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch for the big pop the second cash closes.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there it is. New high for the move.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's an odd one. Look at the time stamp for that post. 3:59. I posted that at 4:01, after I watched the cash close and saw the pop up and over.
JI
jimkane
Rep: 3,058
Posts: 33,089
And the above post was at 4:02 and change, and it says 4:00. This thing is off by like 2 minutes on the post times. And that's jacked up because I do many posts so short-term traders can check the time stamps and see what I posted, and when. That's a big part of the value. Two minutes makes a huge difference for a very short-term trader. Well, ain't that special.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, my one timing factor says this is completely ready to come out of this range. That last move up and over was just a mini sweep, timed to the cash close. A bit higher timeframe and this is completely ready now. Given the time of day and the upcoming one hour futures break, it likely won't come out in the next several minutes, but I mean it's really close, the coil is tightened, and it should be making its move soon, if my timing factor plays out. In my experience it usually does (no claims, just my opinion of my experience with this).
JI
jimkane
Rep: 3,058
Posts: 33,089
Heading on up to 15, as expected. Out of the range, right on time, as I mentioned before. All is as it should be. Let's see if it stays 'on schedule'.
JI
jimkane
Rep: 3,058
Posts: 33,089
I am still going to be very watchful that this is another sweep, since it's right in that 93-95 zone I mentioned.
RA
rat89
Rep: 0
Posts: 7,015
snap it back up there so we can finish the move and jim can yell "die pig, die!"


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