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 really want it to fail as a H&S from around 2002. But this may be it.

Third test here at this key level. Either they are really trying to shake 'em out before the next pop up, or this is about to crater big time.

I still lean towards the shake out and pop.

Okay, this is interesting.

Okay, let's get this move up on the road.

It was pretty clear to me this was going up when they shook it out so viciously.

Originally posted by jimkane

Okay, this is interesting.

Goldman:

"S&P 500 calls are more attractive now than at any time on record."

Ruh-roh. Time to get that short in place.


Source: http://www.zerohedge.com/news/2016-03-07/jpm-goes-short-goldman-says-never-better-time-buy-sp-calls

So it is written, and so shall it be.

Originally posted by jimkane

I still lean towards the shake out and pop.

It was the classic, quintessential KT confluence. A piece of artwork that should be printed out and hung in the Louvre.

Originally posted by jimkane

Monster confluence on the 1-min/5-min. This is it.

Okay, it hit 2002. Now we see. Just frickin' amazing, all this...

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