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JI
jimkane
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Kickin' it off. No one else did, which is s surprise. I hope everyone is okay. Maybe 'cause it's Easter?

I think I am going to take tomorrow off posting to try to break myself of the habit of posting non-stop. See you all Tuesday, if I make it?
JI
jimkane
Rep: 3,058
Posts: 33,089
If it did check back at all I'd expect it to be tiny.
JI
jimkane
Rep: 3,058
Posts: 33,089
I think it would be a fool's errand to put much credence into this gorgeous bearish ABCD with an ABCD in the BC leg here, set up to retest the major higher timeframe area we have discussed so much.
JI
jimkane
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Posts: 33,089
It really should come in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch that old high stop gun.
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jimkane
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One more tick...
JI
jimkane
Rep: 3,058
Posts: 33,089
Tied the old high. Now what? I'm not seeing much except a strong continually rising market here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, as I'm sure everyone saw, this all launched off a 4PT, which we just saw not too long ago.
JI
jimkane
Rep: 3,058
Posts: 33,089
There's the new high for the entire move, off that 1-min ABCD pullback. Everything is as it should be. Basically only one trade needed today. (One could also play the legs, or play them simultaneously, which is more my style.)
JI
jimkane
Rep: 3,058
Posts: 33,089
And here's another leg, and just about to set another new high for the move. It's looking pretty strong. Just about ready to burst over the higher timeframe area we've been watching. I'm just not seeing the reason(s) why we won't be hitting new all-time highs soon.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's the new high for the move, again.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW my bias is up until the close, but this area in here and just above is tough. Once that is cleared, if it is, it should be free to run into the Friday closing upward bias ramp nonsense.