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.
JI
jimkane
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I'd actually be surprised if it went down any more from here, as this is the first key area. But, we'll see.
JI
jimkane
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I'd like 83-84, but I'm just feeling the manipulators wanting to hit it. If it went great it would head to the 70's, as Marcin has been pointing out.
JI
jimkane
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It definitely seems like it will bounce here. But, bounce and roll, or new highs for the move? If it can't bounce it here that would be a strong sign of weakness.
JI
jimkane
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The thing that is funny about a day like today, and the machine action in general, is that this looks like the perfect rollover here from a key spot, but it will then get close to or at the low, and 'they' will come right it. Same old BS, time after time.
JI
jimkane
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Here, here, I second that. But, despite the crap level of the price action, it is amazing how it did head up, and go right to the exact spot mentioned dead on. So, even with chop crap action, it is still behaving technically, which is amazing.
Originally posted by MarcinO
ES is a crap today...




