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.

This is it, lots of things closing, you never know, maybe it all rolls in here. Last chance on the ES, though, in my opinion.

Euro just made a huge 1-min blast.

What is tricky here, is that ES may just need a larger, on 1-min TF though, correction, which may trick you in.

Originally posted by jimkane

This is it, lots of things closing, you never know, maybe it all rolls in here. Last chance on the ES, though, in my opinion.

I really wish cable would give me my spot so I could short the sh&$ out of it. But, given the timeframe my area comes from, I actually couldn't short right off it given it wouldn't be able to show me an adequate trigger, nor make any kind of move before the close. And that all depends on thinking the dollar is going to strengthen. Yeah, all that is set up to happen, big time, but will it? I'm just not seeing it. I'm more thinking new all-time ES highs, dollar getting trashed, Euro exploding, and oil getting to that 48 ASAFP, and a bunch of other nonsense I can't stomach seeing happen. But, as long as things are moving it's great for trading.

There are some techniques to deal with that, but they require some read and feel for the market. They are also, by their very nature, lower probability approaches, but in the end we are looking for net positive outcome setups i.e. positive expected value setups, and even if the odds are lower, if there is sufficient expected value, the setups can be played. My point is, this is a scenario we will see as traders, and there are things we can do. The biggest issue here is that I can see no way to have not been long, and to be long, right now. So, if one shorts, one has to give up a working long, and that is what complicates this tremendously.

Originally posted by MarcinO

What is tricky here, is that ES may just need a larger, on 1-min TF though, correction, which may trick you in.

Originally posted by jimkane

This is it, lots of things closing, you never know, maybe it all rolls in here. Last chance on the ES, though, in my opinion.

Cable 1.4423! Yee-frickin'-haw, it got it. I can't even put into words how happy I am that I got that read. Now we see. If it can blow this area out, watch out.

Just a tiny more for a textbook 3D right into the depths of the area. But, I still can't see it stopping. This area is a monster, though.

Cable trading 1.4431. Anything much over 33 starts to push the odds in favor of a blowout.

If one believes in the area and cares little for confirmation, they could be short right now. But that's not how I like to trade.

Yes, it's right on key price flow.

Originally posted by jimkane

Cable trading 1.4431. Anything much over 33 starts to push the odds in favor of a blowout.

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