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.

I wonder what the 'news' is?

They usually make moves like that right up. I'm surprised it hasn't done so already.

Remember that ES roll out is either tomorrow or Friday. Watch the OI and volume.

I'm guessing the 'make it all back' will complete now, for lack of anything better to do for them. But, so far, I haven't seen squat for great setups today.

That was quite the moonshot in the Euro.

rat's nest here:

So, rat, is that a specific setup, the 'rat's nest', or just a term you used to describe a clusterf#&% of tangled price action?

Okay, the ES has made it all back. I read that one based totally on two things. The first, whenever there is a panic sell like that they like to make it all back ASAFP. Next, it is a go nowhere market right now with lots of boring chop. What else did they have to do right now? So it made complete sense they would occupy themselves grinding it right back up.

I think they might try to get some or all of those highs now, so this play would be a ride some to try to catch some of that. It is very possible it can't do any more than what it just did, though, so that's why some would be scaled on the first hint of weakness. This is just a description of how I would look at this.

So, just chop now, or is this about ready for the next leg up, and an assault on those swing-highs?

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