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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
This is a monster area here. Big decision time for the ES.
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jimkane
Rep: 3,058
Posts: 33,089
Look at the TL backtest here. There's another one just above.
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jimkane
Rep: 3,058
Posts: 33,089
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
Rep: 3,058
Posts: 33,089
Die, pig, die! But, all my saying that will do is make this area hold, right?
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jimkane
Rep: 3,058
Posts: 33,089
25.75 is what I would like, but I have a feeling it's done.
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jimkane
Rep: 3,058
Posts: 33,089
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
Rep: 3,058
Posts: 33,089
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.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if it is coiling here to pop. It looks like it.
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jimkane
Rep: 3,058
Posts: 33,089
Well, look at that, it 'sees' it. But, for how long?
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jimkane
Rep: 3,058
Posts: 33,089
I'm surprised at how well it 'sees' this area.
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