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.

Sometimes it doesn't pay to overthink it.

Originally posted by MarcinO

And that price flow you mentioned was indeed obvious.

Cable just below 1.4340 zone. No signs of weakness though.

Right back to an obvious 1-min TL, where it reacts. Now it bounces to an obvious spot, and we watch. Understand, this is all on the 1-min and is a very fine look. Never read too much into 1-min action without a ton of 'context'.

So, if they are going to print and monetize like crazy, and more, why isn't the Euro down like 600-700 pips, or more???

What is that expression I am looking for? It has to do with, now what's that creature? They make an oinking sound. Oh, yeah, piggies. And something about passing on or something. Perishing. How does that go? Let me think... Oh, yeah, I got it:

"Die, pig, die!"

That being said, we have an ABCD after sweeping out the local TL's and the overnight low, as well as the higher timeframe TL, so be aware of how they usually react to that.

Cable looks like it needs a correction. 1.4225 would be nice.

What a study in machine hunting of TL's.

I wonder if this is it, or they will make one more push to low 80s.

Originally posted by jimkane

That being said, we have an ABCD after sweeping out the local TL's and the overnight low, as well as the higher timeframe TL, so be aware of how they usually react to that.

Funny headline from over at The Market Ticker:

"Draghi Fires Bazooka, Blows Own Balls Off"

I guess he didn't quite get it fully unholstered before he started firing...

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