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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Posts: 33,089
Brent trades over 40. I think the face-ripping rally Armstrong said would happen if it closed over that level is indeed unfolding. My charts said/say the same thing. Unleaded gasoline is trading almost 50 cents off the recent level. Oh, joy (at the pump...).
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES isn't acting right off this 98.25. My areas are 1999-2000 and the better one, 3.50-5.00. They need to come in on this little checkback.
JI
jimkane
Rep: 3,058
Posts: 33,089
Super-great alignment where this bounce started from. If it doesn't take it higher watch out.




