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.

Timing-factor-wise, I see it as ready, or very close to ready, to do something.

Yawn. Sometimes it's so obvious...

Originally posted by jimkane

Timing-factor-wise, I see it as ready, or very close to ready, to do something.

no, just referring to what happens when I know most traders will say "hey, too many lines!"

Originally posted by jimkane

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?

So, what's the game here? They wait for Magic Mario, then a super-big move that you can't catch, then it chops around some more? Or will the move sustain, and we can play that, maybe to new highs? I'm thinking not much will happen before the announcement tomorrow when Super Magic Mario the ex-Goldmanite tells us how much more of our money he is going to steal and give to the big banksters to buy stocks with. But stocks going up is good for me, right?

Let me sum this up. He steals my money, which requires me to liquidate my stocks (for example, selling stocks in my (meaning Joe Average's) 401k and taking the money out at a penalty to pay my bills because prices for everything keep rising like crazy even though they say there's no inflation and we need more inflation), then he gives it to the banksters for free and tells them to buy stocks, which they own, and the price of stocks go up, so now they have a profit, but this isn't actually good for me because I had to sell all my stocks. Okay, sounds good. I like it. Damn, it feels good to be a bankster...

Yeah, rat, I'm think we pop on Dragh Queen's announcement tomorrow that he's going to go conservative and only print up another $50 trillion this time and buy stocks (and maybe some corporate bonds, too).

Originally posted by rat89

Click image for original size

Time for the ES to roll down now? Couldn't do any more than get the HOD, so might as well shake it down again?

they make it look so weak, but the juice is to the upside...so many layers of stops up there...

Found a stable base (look to the left), and now finally going to try to push the high end, or just more chop? We shall see.

Ex-aaaaaaaaaaaaaaaaaaaacta-frickin'-ly.

Originally posted by rat89

they make it look so weak, but the juice is to the upside...so many layers of stops up there...

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