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MarcinO
Rep: 67
Posts: 5,506
The ES stopped at 2007 doing a great job hitting stop loss orders.
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es 2016 03 06 png


A stronger resistance is between 32 and 44, I guess.
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es 2016 03 06 2 png


But before that, I would suppose a correction to low 70s.
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es 2016 03 06 3 png
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jimkane
Rep: 3,058
Posts: 33,089
My gut says up for now.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, watch closely.
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jimkane
Rep: 3,058
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...).
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jimkane
Rep: 3,058
Posts: 33,089
There it is!
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jimkane
Rep: 3,058
Posts: 33,089
But, this is my main area here, so be very cautious.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, main area blown out, so I expect smooth sailing.
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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.
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jimkane
Rep: 3,058
Posts: 33,089
Super-great alignment where this bounce started from. If it doesn't take it higher watch out.
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jimkane
Rep: 3,058
Posts: 33,089
Monster confluence on the 1-min/5-min. This is it.
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jimkane
Rep: 3,058
Posts: 33,089
If they can't take it up substantially off this area I'm thinking of shorting it with the entire farm. (That's a joke, of course.)
RA
rat89
Rep: 0
Posts: 7,015
they put it exactly where they had to put it into the close, where (5)=(1) at 2022 spx and 202.77 spy


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screen shot 2016 03 11 at 6 43 34 pm png

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screen shot 2016 03 11 at 6 43 46 pm png