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
Rep: 3,058
Posts: 33,089
I wonder if this is all they will do because of the danger if they go under? I'm hoping they go under, and lose control, and we get a swooooooooooooosh. But I'm not sure if they will chance it. I hope so...
MA
MarcinO
Rep: 67
Posts: 5,506
I see this TL only on M240. If you drop to lower TF, the first low, on which TL is based, is 10 points lower, which makes TL steeper.
Originally posted by jimkane
C'mon, 76...
JI
jimkane
Rep: 3,058
Posts: 33,089
For 76 I am only referring to the swing low point from the 8th.
Originally posted by MarcinO
I see this TL only on M240. If you drop to lower TF, the first low, on which TL is based, is 10 points lower, which makes TL steeper.
Originally posted by jimkane
C'mon, 76...
MA
MarcinO
Rep: 67
Posts: 5,506
I see. Thanks.
Originally posted by jimkane
For 76 I am only referring to the swing low point from the 8th.
Originally posted by MarcinO
I see this TL only on M240. If you drop to lower TF, the first low, on which TL is based, is 10 points lower, which makes TL steeper.
Originally posted by jimkane
C'mon, 76...




