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.

The ES is just teasing me. It did a 'peak over' of the key TL, and is set up to just crater right now. rat's charts are a good visual on this. But, I just can't see it. I'm not saying I'm against positioning for it, but at a new high for a monster frenzy move going into a Friday close, what are the odds this is a high probability setup? I see it as one that has to be taken, but I'm not that hopeful...

Yes, I was more meaning for the next good leg down I'd like it to move to there. Then bounce and roll further down.

Originally posted by MarcinO

My long term level for the Cable is around 1.32.

Originally posted by jimkane

I'd like just around 1.37 on cable next. But, that's just fantasy at this point. Until the SHTF and they need dollar again, I see little chance of anything substantial on the downside.

Look at ES!

Die, you ES oinker pig, die!

Look at our time stamps on our posts.

Yep.
It is now teasing with previous price flow.

I knew it might be started at 12:35 PM. Try to figure out why.

I'm fairly concerned this will be all it does.

Originally posted by MarcinO

Yep.

It is now teasing with previous price flow.

I guess a time factor you often mention plus some confirmation, in terms of price action, had something to do with it?

Originally posted by jimkane

I knew it might be started at 12:35 PM. Try to figure out why.

Looking at FX, I cannot resits idea of shorting ES.

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