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.

Yes, but it is a near perfect entry possibility if one didn't get it off the top, if one believes net sellers are present. I am not that convinced of that. Fortunately, I saw this off the top, as posted.

Originally posted by MarcinO

They will break on the lower side of this tiny range?

I was triggered on the first reaction after that rip to .382.
Range observation was to decide whether to quit fast or not.

I wonder if they are playing with upsloping TL or it is done.

I can't imagine it being anything but done. They don't sell Fridays after monster ramps, except once every very great while.

The ES can now get back to its business, which is to head up to 35-40...

1.4383, tested twice now. Amazing how the tools work.

Originally posted by jimkane

For the cable I'd just like to get to 1.4360-85 or somewhere in there. That's not much, but anything down is remarkable, unless you are talking about the dollar...

We're all anxiously awaiting to see if this rush up was the shakeout, and now it can really dump, or if this will shakeout down now, then after sucking in those traders, blast up.

The ES just can't seem to move up, or sell.

Looks like volatility has gone.

Nice trap there.

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