10 replies to this topic

[zoropb]

Level is:  10.75 / 5.50

[zoropb]

For this session I think 2 L will be minimum. 

 

Week at 1.70 of a potential 2-4 week. 

[redfoliage2]

Let's see how soon this market is to recover from today's fake news..................

Edited by redfoliage2, 22 January 2019 - 09:03 PM.

[zoropb]

Not sure but would like to see that gap closed in cash and get that out of the way. 

[zoropb]

Off last night low 27.50+ 2xL =49

 

3xL = 59.75

gap close area

3.5= 65.25

[redfoliage2]

I see for this bounce up ES2655 is the max it can go. 

Edited by redfoliage2, 23 January 2019 - 10:25 AM.

[K Wave]

After the successful breakout and backtest of the hourly 900 on ES, the 2 hour chart now seems to the dominant chart to watch here.

 

ES got rejected right at the 2 hour 900, and came down to test the 72 "trendicator", and it has bounced right up to the rolling over hourly 72 around 2650.

 

So somewhere near here would be a reasonable spot to expect bulls to run into some trouble IF things are headed back down.

A breach of 2630 on 2 hour chart would likely get things rolling back downhill again.

 

Should bulls be able to push above 2650 and hold, then they may have turned the tide, and they could possible reverse all of the December candle.

 

Potentially big pivot spot here this AM.....

[zoropb]

Probably gap fill before going much further away. Not that it has to but you know how it usually does. 

[zoropb]

Though all those gap fill days before the fake news rally could of been setting up some messed up trick against the bulls and not fill it for a while, until correcting much further.  

[zoropb]

Southern tour from 53.75

 

3xL = 21.50

3.5L= 16.25

4L= 10.75

4.5= 5.25

5= 2500