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jimkane
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Posts: 33,089
The last line has a typical grammatical error for him, so you have to make your best guess. I think just scratch the word 'people', or make it the last word in the sentence? I wish someone would proof his stuff before he posts it.
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/market-closing-for-the-week-today/
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/market-closing-for-the-week-today/
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jimkane
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Posts: 33,089
ES now swept to the upside, or a move has begun? At least its doing something. Again, the patience pays off, I guess, if you call moves this small with huge checkbacks (proportionately) 'paying off'.
MA
MarcinO
Rep: 67
Posts: 5,506
FX spot will be still open tomorrow. But I wouldn't expect too much volatility in European pairs, apart from maybe Pound,
As far as I know, friday is usual working day in UK.
As far as I know, friday is usual working day in UK.
Originally posted by jimkane
Just to elaborate, the ES closes at 16:15, reopens from 16:30-17:00, then usually reopens at again 18:00. The 18:00 will be on Sunday, not Thursday this time.
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jimkane
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Posts: 33,089
Okay, it did manage to get to the first area. Let's see what they do from here. Lots of time left on the clock.
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jimkane
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Posts: 33,089
I'd love it if this could get to some real selling, but it's right on an area here at 16.75, so it will probably start to bounce...
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jimkane
Rep: 3,058
Posts: 33,089
So, that looks like the 'retest' of the key area. It is now positioned for a 'Friday into the close' run. I'm not sure it will do it, but it's now set up. There is a lot of resistance overhead, and a potential bearish ABCD now in play. But unless this is a big trap and they plan to sell it off hard (I see well under a 10% chance of that), this looks strong. They do like to make it look strong, though, when it's not. I really have no idea here. Chop is on the table, a blast off is possible, but I lean towards this being more a trap fake, and small odds they do sell it off, and this was the hook. Tough read.