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.

They're off!

Do you mean 27.25 overnight?

Originally posted by jimkane

Anyway, the ES hit 37.25 in the overnight, our much discussed 35-40, where it checked back. I do not think this area will stop it. Until something changes my working assumption is it is more likely than not headed to new all-time highs. Understand, I could change that view in less than a nanosecond if I get any hint any price action is not consistent with that viewpoint. And there will be checkbacks along the way. It is very, very stretched right now.

My mistake here, in a sense. I was looking at my chart with the better liquidity and work, which was the basis H, where it hit the area. I am too busy right now to sort this out. I will get back to it later.

Originally posted by jimkane

Anyway, the ES hit 37.25 in the overnight, our much discussed 35-40, where it checked back. I do not think this area will stop it. Until something changes my working assumption is it is more likely than not headed to new all-time highs. Understand, I could change that view in less than a nanosecond if I get any hint any price action is not consistent with that viewpoint. And there will be checkbacks along the way. It is very, very stretched right now.

I got caught up in that H vs M contract thing and stopped posting this. 19.25 is a key area and it 'sees' it.

Holy cow does it see it.

gdx update

The overnight low was as close to a dead hit on my area as I can imagine. It then rolls off the 19 area, and stops right on the next key area. This is a key decision time, but so far the reaction is not what I would expect for a rise. That may change, but right now it is not acting like it. That could change the dynamic.

Notice the similar action in CL, and to a lesser extent, cable. How they hit and came in similarly, especially CL.

Cable was earlier, then CL, then ES.

Okay, the programs kicked off.

add modified schiff set - solo and on prior chart in aqua