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.

Looks like manipulation. We will see.

Originally posted by jimkane

See? Through the first, obvious TL, before the bigger, also obvious, TL. Can it sustain, though?

89 and down?

Next TL, with a set line, comes in around 78.

But, at this time of day, it is super-common for it to shake like this and put in a higher low before jumping up. Just something to watch for if it isn't intent on testing that next TL.

If they pushed it up I was thinking they'd go for that downsloping TL, so maybe 92+.

Originally posted by MarcinO

89 and down?

So far they are vigorously defending the higher low.

And there's the big pop I mentioned.

Sometimes I tire of morning chop. Let's see if this time they can get it below and test the TL. Or is it more chop games...

And even if they get it below, the point is only to take out the low, test the TL, and then do something else, so, in a little higher timeframe, more chop.

All they did was go under the RTH LOD, and not the overnight, and already it's popping. As Marcin would say, crap action.

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