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.

BTW, CL now rolled out to the K contract, which has traded 42.49 today. Yeah, 48 is hard to fathom...

All I know is I have zero intention to short this unless something radically changes. That can happen fast, but until I see it already shifted, I thinking fighting this is trading madness.

On the higher timeframe the ES is just so 'in there'. It should at least come back in. It's crazy that it hasn't. But, these people are completely crazy. So, I go with the flow. It's just time to be cautious and not marry positions (some that is a good idea anyways) because it's so stretched. But, overly stretched can get more overly stretched. I'd like to see a little blow off move.

'They' need to be cautious here, and I'm sure they are aware of that.

37 and up, I guess.

So, 'they' knew it was a dangerous potential drop there, 'they' let it come back in a little, and then 'they' showed up with a blast. But, like most of this week, all I am really expecting is more HC^2 (it's on the KT Terminology page).

Exactly.

Originally posted by MarcinO

37 and up, I guess.

It hardly looks like it is going anywhere. I mean, that it can even rise any more.

This looks ominous. Time for them to play some games?

ABCD with a plunging CD leg. Now we see.

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