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MarcinO
Rep: 67
Posts: 5,506
Kicking it off. I will try to post charts starting from tomorrow.
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MarcinO
Rep: 67
Posts: 5,506
It is pretty unlikely that it will be hit today, but my next area for the Cable is at 1.3730-50
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MarcinO
Rep: 67
Posts: 5,506
Low at 1.3882. First significant resistance at 1.3922.
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MarcinO
Rep: 67
Posts: 5,506
It went down barely testing 90s.
RA
rat89
Rep: 0
Posts: 7,015
some amazing stuff here this morning
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screen shot 2016 02 26 at 10 03 00 am png

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screen shot 2016 02 26 at 10 02 39 am png

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screen shot 2016 02 26 at 9 44 20 am png

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screen shot 2016 02 26 at 10 40 52 am png
RA
rat89
Rep: 0
Posts: 7,015
the over shoot the fibs to hit the line and the big .50 retrace on spx, which sets up the .786 - .886 rt at the original 1.27 fib zone that was overshot. They could of course hold price up here for days, but if they dump it hard today, we know why.
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screen shot 2016 02 26 at 11 00 49 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm a little thankful for a more settled day so far. Still, the range is more than double, almost triple, a really quiet day 'before'. And it's not that choppy, it's just nice, smooth tradeable moves. But, it isn't over yet, so we'll see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice charts, rat. Yeah, we have some idea why there may be trouble in here, indeed.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, the ES is set up to blast off from here into the close, if they want it. I think they might...
JI
jimkane
Rep: 3,058
Posts: 33,089
Of course I want this big bearish area to play out, and big time. But we are into the final three hours of a Friday close in a monster bullish phase, and it's set up, so I have to be ready for that.
JI
jimkane
Rep: 3,058
Posts: 33,089
ES big bearish area, dropped to good-sized bullish area, bounced to smaller bearish area, and it 'sees' it. Decision time is rapidly approaching. Amazing technical action...
RA
rat89
Rep: 0
Posts: 7,015
yeah, they are funny