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.

Zzzzzzzzzzzzzzzz.....

It's going higher. 1.4225 may stop it.

It stopped only for a while.
1.4340 today?

1.4250 might pose a resistance.

Pound is making a final move to this level.
The problem with this level is that it is quite obvious, which makes me be skeptic about it.

Now it looks likely to collapse, before going to 50.

So the drop started. 1.42 is the first support.

New nominal low, by 2 pips. Time to retrace over 60% of the previous swings (like 4 times before)?
This market sucks.

This is an interesting situation. There was a nice reaction of 1.4160-80, then Pound failed to make a new low and the second bullish reaction stopped just below the previous high.
So it is either 4PT potentially sending Pound to 1.41 or we will see one more higher low (1.42 or lower) which wil be a signal for a larger move up.
And if one compares current price action withe one form yesterday, downward move seems more likely.

1.42 ignored but there are some major lines around 1.4185-90.

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