Cable sell-off started right below my most favorite 1.32010-20 area. It is still possible they will send it to a new nominal high right there, but most likely play is a move to 1.3140 before American open and then down.
there are traders who are looking for a breakout in intc and aapl. I'm wondering if intc topped in december 2014 and this abc move up since was major [2]. If so, it should go down hard as major [3] kicks in.
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MarcinO
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As predicted - Cable in high 80's. The big question is whether it is done already or needs to get that high at 92 first?
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MarcinO
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1.32 and it looks done.
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MarcinO
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Wrong. It's still rising.
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MarcinO
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(Edited )
1.3220 is top layer in my area. If it is broken Cable is free to go.
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MarcinO
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And here comes a drop right off 20.
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MarcinO
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My next levels for Cable are 1.3175 and 50.
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MarcinO
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After some readjustment I would say, that lower of the areas posted above is closer to 40 than 50.
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MarcinO
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Really impressive support is at 1.3050-65.
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MarcinO
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It seems that ES is done at 88 posted yesterday. If the reaction is going to sustain, I think it may drop to 75.50. Aletrnative support at 79-80.