MyPivots
Sign In
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    On the way to 40s area, there is also substantial resistance around 2020.
    It includes two sublevels: 22-24 and 13-14, below which ES finished Friday.

    Click image for original size
    es 2016 03 13 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    (Edited )
    But it's too weak.
    Originally posted by MarcinO

    Thye tested down on M1, time for the upside test and possible continuation.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    C'mon, 7.50-8.00 area.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    It doesn't like it. Let's see now, though, as it comes right in to the most expected spot in here.


    Originally posted by jimkane

    Okay, this 5.50 area has a lot of stuff, on the way to the best spot. It may not be able to hack it. We'll see.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Key decision for the ES right now. I'm not sure is has the stones for it.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    they need to drop it so they can have room to pop it into the fomc for a retest or a minor stop run over yesterday's high....just thinking out loud.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    bear abcd into the kz

    Click image for original size
    screen shot 2016 03 15 at 2 51 53 pm png
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    bear abcd into the kz 447 at 108.83
    Click image for original size
    screen shot 2016 03 15 at 2 56 48 pm png
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Companies buying crazy amounts of their own stock at all-time or near all-time highs, going into the eighth year of a 'bull' market, with borrowed money, as holders of stocks sell at record levels. What could go wrong? Not to mention the 'earnings growth' is mostly if not all based on the decrease in the float, and the economy is about to plunge, and all these companies will be holding highly priced stock bought with borrowed money as actual earnings decline, as well as the impact from them stopping buying more stocks, and the impact of the decline in their asset valuation because the stocks are plummeting. Like I said, what can go wrong... But, as Armstrong says, probably stocks will double from here and they will make a fortune, and buy lots more stocks.

    http://www.zerohedge.com/news/2016-03-15/biggest-threat-market-next-month-only-buyer-keeping-market-alive-about-stop-buying
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    I would really like that scenario. I'm just not thinking they can drop it. But wow, look at that 15-min bearish ABCD on the ES. It's set up to get hammered. But, I just can't see it...


    Originally posted by rat89

    they need to drop it so they can have room to pop it into the fomc for a retest or a minor stop run over yesterday's high....just thinking out loud.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Yeah, rat, they could really drop off those areas you show.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    add modified schiff set - solo and on prior chart in aqua

    Click image for original size
    screen shot 2016 03 19 at 6 37 37 pm png

    Click image for original size
    screen shot 2016 03 19 at 6 34 58 pm png