MyPivots
Sign In
JI
jimkane
Rep: 3,058
Posts: 33,089
Kickin' it off.
RA
rat89
Rep: 0
Posts: 7,015
gdx charts to start the week:

Click image for original size
21160226gdx 01 png

Click image for original size
21160226gdx 02 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if this long ES has anything to give beyond here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Not bad. First areas coming up in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Right to my area where it started to roll hard. If you do the work you should see the area clearly. Now let's see how it handles the pullback.
JI
jimkane
Rep: 3,058
Posts: 33,089
Pretty wild, huh?
JI
jimkane
Rep: 3,058
Posts: 33,089
Can't say I'm not liking this a whole bunch. Watch here now, as this is the obvious price flow area. I'm hoping we get some hard-core selling started, as I mentioned Friday, but if it wants to bounce a bit, this is a spot to watch. Notice, too, that it is also the big breakout backtest line.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's something I haven't seen in a long time. Narrow range chop for the first hour and a half, the 'prime time'. It should 'break out' any time now, but I'm not convinced yet it can.
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, notice how it did bounce right from that spot I mentioned last night, the breakout backtest line area.
JI
jimkane
Rep: 3,058
Posts: 33,089
I wouldn't mind seeing 61.50-.75 on this pop, as long as it cratered after that. But even 53.00-.75 would be great, as long as it craters then. The key point is I need it to crater some time soon. It may not happen, I'm just saying, for me to really have that 'happy, happy, joy, joy feeling (any Demolition Man fans out there?) I need some craterage.
JI
jimkane
Rep: 3,058
Posts: 33,089
Keep in mind, we are in a key area here, from here up to that 53 and change, which is the top of this zone. So, even though I'm very short-term long side bias right now, I'm fine with it getting monkey-hammered from here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, that was a great trading week in my opinion. It was a lot different posting during the RTH, that's for sure. I remember now, for the umpteenth time, why I don't do it, especially in the first two hours. I still can't stop myself from over-posting like I was running a live chat service. But, for now, I plan to try and do some more of it next week. Hopefully, I'll be able to temper it a little, but probably not.