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 can't see how they wouldn't want to get that high for the bigger move, though. And once there, the 1.272 or more on the pullback. And so on. But, for now, here's the next spot to watch for the sellers.

I think crude is most likely headed straight to 48 with little to no rest. Just a thought.

I hope so.

Originally posted by MarcinO

Looks like some correction has just started.
100 pips down to 1.4170 would be nice.

Originally posted by MarcinO

Yes, although cable has just hit some obvious line so it may be done for today, but one needs to wait for confirmation,

Originally posted by jimkane

I swear cable and crude are never going to stop rising.

What about CD leg of 1.272 ABCD to low 70s?

Originally posted by jimkane

I can't see how they wouldn't want to get that high for the bigger move, though. And once there, the 1.272 or more on the pullback. And so on. But, for now, here's the next spot to watch for the sellers.

I'm tired of saying 'Die, pig, die!'

Yes, that would be great, or even if it was a 'W3' starting. And it all fits the layout, well shown by rat's charts. But they are just so relentless in here I have to give that some credence. They just have no hint of exhaustion, or even slowing down, in them right now.

Originally posted by MarcinO

What about CD leg of 1.272 ABCD to low 70s?

Originally posted by jimkane

I can't see how they wouldn't want to get that high for the bigger move, though. And once there, the 1.272 or more on the pullback. And so on. But, for now, here's the next spot to watch for the sellers.

All right, I'm saying it: Die, pig, die! I'm triggered, and we'll see.

Originally posted by jimkane

I'm tired of saying 'Die, pig, die!'

Okay, it's all about the swing point right to the left in here. So, if this is a trap, it's about to be sprung. Even if they just want to chop it, here's where they will come in. Watch closely.

Got it. Some troubles at 88-89, on lines intersection.

ok jim, fun's over....you got your up move so let's get on with it

I'll drop this blue set in a second if the upper line gets taken out, but for now there is a potential setup where the day open with a gap, then price runs up to where 201.35 - 199.25 = .886 at 201.11 (actual tag 201.07) for a test of the upper line.

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