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MarcinO
Rep: 67
Posts: 5,506
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.

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es 2016 03 13 png
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jimkane
Rep: 3,058
Posts: 33,089
It 'sees' the little bearish ABCD. This is all very curious action.
MA
MarcinO
Rep: 67
Posts: 5,506
Cable heading to 1.4580.
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jimkane
Rep: 3,058
Posts: 33,089
Is it really rolling off the 1-min bearish ABCD, or is this the 'I'm all weak, short me' trap game?
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jimkane
Rep: 3,058
Posts: 33,089
I am very wary of the latter.
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jimkane
Rep: 3,058
Posts: 33,089
And there you have it, before the ink was dry on that last post...
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jimkane
Rep: 3,058
Posts: 33,089
It looks cleared out and ready to run now.
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jimkane
Rep: 3,058
Posts: 33,089
No follow through. I have a feeling we may be going into chop.
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jimkane
Rep: 3,058
Posts: 33,089
Once again the ES looks ready to run. Real this time, or more chop?
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jimkane
Rep: 3,058
Posts: 33,089
I think the ES might finally be clear. I am looking at 26 and 29, give or take. But this has the feel of a chop day, so I am not too confident in what it will do, or where it may be going. Once I sense this the best thing for me is not to expect too much, or post too many areas, since my reads are usually next to useless on such days.
JI
jimkane
Rep: 3,058
Posts: 33,089
Note the 5-min overhead TL here.
RA
rat89
Rep: 0
Posts: 7,015
add modified schiff set - solo and on prior chart in aqua

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screen shot 2016 03 19 at 6 37 37 pm png

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screen shot 2016 03 19 at 6 34 58 pm png