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.
JI
jimkane
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Watch the last push idea here deep into the area. If it can't hold, it has little underneath it.
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jimkane
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Die, pig, die! But, all my saying that will do is make this area hold, right?
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jimkane
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Same old, as far as technique application. Here's the bounce point, 36.75-37.50. Now we see if they plan to resume the downtrend, or if that was it there.
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jimkane
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It would be cool if it kept selling, but it's heading into the last two hours on a Friday when this thing has only known one direction for how long? I'd be quite surprised if it didn't start positioning itself for a strong close. I know it's up against the higher timeframe area, but they most likely would not sell off that into a Friday close when the market is strong. I will give it its chance here, but I'm just saying I'm ready if it won't continue down.


