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.

KZA around 96 may also stop it.

Real selling starting for the Pound now?

Well, it made it back to a key area on the way up that it blew out, so this is an important test here, like a 'backtest' in a sense. I'm not expecting much more, but I am hopeful it truly collapses. I mean, this whole move up has been pretty ridiculous.

You took the words right out of my mouth. I'm completely short side bias now, since I mentioned that trigger. I got off the upmove side before the last push. Like I said, I was just waiting for the sellers to come in. But I am seriously concerned this 95.25 might be all that it does. I'm okay if they bounce it a little, then hammer it, but any aggression here and I'm not going to think that it's 'correct'.

Originally posted by rat89

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.

Click image for original size

Yep, here they come...

.382 bounce it 'sees'. Now we see. Same old, same old.

The consensus on bubblevision is that unquestionably, unequivocally crude has now bottomed. Hmmm...

Die, you ES oinker, die!

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