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MarcinO
Rep: 67
Posts: 5,506
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.

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6b 2016 08 21 png
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rat89
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Posts: 7,015
so far aapl, intc, and gs all look like shorts to me....either right now or very soon ;)
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MarcinO
Rep: 67
Posts: 5,506
I think ES can make it to 84 before another leg down.
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MarcinO
Rep: 67
Posts: 5,506
Cable at 1.32.
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MarcinO
Rep: 67
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If it gets, 1.3250 will tell whether bullish ABCD to 1.32 is all Cable needs, or one more leg down should be expected.

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6b 2016 08 25 png
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MarcinO
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Choppy price action for half of the day...
I think they want to send it to 1.3190 which is a lower sublevel of 1.32 area.

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6b 2016 08 25 2 png
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MarcinO
Rep: 67
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Gabel has given 30 pips reaction so far off 1.3190 and ES looks ready to hit 63 area soon.
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MarcinO
Rep: 67
Posts: 5,506
74-75 should send ES down, but we will see.
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MarcinO
Rep: 67
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After initial reaction Cable made a new LOD. My next levels are 1.3155 and 1.3110.
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MarcinO
Rep: 67
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Plenty of lines below 1.3115.

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6b 2016 08 26 png
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MarcinO
Rep: 67
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It gave only marginal reaction. 1.3230 is quite a resistance. We will see.
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MarcinO
Rep: 67
Posts: 5,506
And it looks done now.