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MarcinO
Rep: 67
Posts: 5,506
The ES stopped at 2007 doing a great job hitting stop loss orders.
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es 2016 03 06 png


A stronger resistance is between 32 and 44, I guess.
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es 2016 03 06 2 png


But before that, I would suppose a correction to low 70s.
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es 2016 03 06 3 png
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MarcinO
Rep: 67
Posts: 5,506
Cable has stopped on monster area on Friday.

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6b 2016 03 06 png


Given how it likes quite deep W2s I assume a drop to 1.40 or slightly below with 1.4070 as a minor support.

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6b 2016 03 06 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
ES indicated to open up 3, but that means little at this point.
JI
jimkane
Rep: 3,058
Posts: 33,089
Flat open now indicated.
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MarcinO
Rep: 67
Posts: 5,506
1.4150 is also an important level for the Pound.
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MarcinO
Rep: 67
Posts: 5,506
The chart:

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6b 2016 03 07 png
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MarcinO
Rep: 67
Posts: 5,506
Alternative for this level is in low 30's.
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MarcinO
Rep: 67
Posts: 5,506
It's just above lower 50's. If that are stops it, I would expect a bearish correction to 1.4215.
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MarcinO
Rep: 67
Posts: 5,506
No reaction. It is going to 30's I guess.
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MarcinO
Rep: 67
Posts: 5,506
38 stopped the Pound, Correction is most likely to send it up to 1.4210 +/- 5 pips.
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MarcinO
Rep: 67
Posts: 5,506
It went deeper into 30s and gave a sharp reaction to 78.
A pullback to 60 or 46 would be nice.
RA
rat89
Rep: 0
Posts: 7,015
they put it exactly where they had to put it into the close, where (5)=(1) at 2022 spx and 202.77 spy


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screen shot 2016 03 11 at 6 43 34 pm png

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screen shot 2016 03 11 at 6 43 46 pm png