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.

1.4250 might be all the Cable can give today.

New low for the pullback by 2 ticks, and here they come. Same old, same old.

Originally posted by jimkane

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.

Time to retest the area, or blow it out?

Okay, at a full, deep, retest area now. I can't imagine this is going down.

It does 'see' the area. I just don't think this has any intention of going down. But, we'll see. I'd rather bet on the breakout if I had to bet right now.

It's one of my tilted cup and handles.

Yesterday when it failed and dropped, it did this same retest. That's why I am wary of it today.

I love that last chart, rat, it shows the ES could get destroyed. It probably won't, but it's set up nicely so it could.

The ES is ready to pop...

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