The ES stopped at 2007 doing a great job hitting stop loss orders.


A stronger resistance is between 32 and 44, I guess.


But before that, I would suppose a correction to low 70s.

And there it is.

Originally posted by jimkane

I'm watching 2000 next, but I'd think they'd want to make it all back if they could.

Next is trying to take out the 2004.50 high. It might be done at this area, though. My viewpoint is some scaling in a position hit off the bottom, and some riding to see if 2004.50, and then 2007.50 are on the menu.

I would be very happy with what it has done to here, though. Easy long, easy short, and an easy long again. I think today was just a spectacular day for intraday ES trading.

It sure liked my 2000 area. Now I'm curious if it starts back up from this 95 pullback area.

Nice pop so far off 95. I'm hoping it 'fails' shortly. If not, the odds increase this has not started a down move of any significance, I fear. But, this is a big area, so it can battle it for quite awhile if indeed this is the resumption of the bigger bear trend, as shown in rat's charts.

w4 triangle forming to send it up to 2025 area to finish the move?

Look at that! Fortunately there was a clean trigger for the move, and so yet another setup comes to fruition. Will it go beyond this 2001.75 I can't say. But it sure fulfilled its objective off that pullback.

1.4260-70 might be it for the Pound before a larger bullish correction.

30 pips drop so far.
I am waiting for 90 more.

Cable is close to set up for a decisive move down, I guess.

they put it exactly where they had to put it into the close, where (5)=(1) at 2022 spx and 202.77 spy