1 reply to this topic

[VolPivots]

we're are within window of the 2.5/5 wk lows, that should bottom here on a closing basis, ideally tomorrow or thurs. my wag on where we can attempt to turn bullish again are 875-888 as we test the bullish convictions of the 10/28 candle. if we can muster a rally, should take us up back towards the top of the 850-1000 trading range into/near opex. afterwards, that might be it as the 10wk cycle appears to be topping out.........fwiw.

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[eminimee]

Odd to have this formation here so I don't trust it...often these things pop up where they don't belong and when they do...they often turn out to be more of a consolidation pattern (in this case for up) so be aware of the fakeout...the fake out doesn't necessarily have to come from a new low for this last move below 897...if we get back above 910 and hold above there...that will be the hint. Note that there is rsi divergence this morning with yesterdays low. Measured move would be to the 850 area..

60 min all session ES....

http://img47.imagesh...eurod893xo4.png