11 replies to this topic

[zoropb]

Level is 7.25 / 3.50

 

 

Gap in cash still open.

[saltlake]

Hi Z, can you explain what those levels are? Are those shorthand ES numbers ?

[CLK]

I think it's from the globex open, 1 level is 7.25 points and 1/2 level is 3.5, up or down, he didn't say how many levels he expects yet.

[zoropb]

I expect 4+.

[zoropb]

Kinda looks like we could go 3 levels up from last nights low then could drop again to 4+ down from there or just go ahead and fill the gap which would be 4+.  I will likely not be staying in too long in today's trades unlike yesterday. 

Edited by zoropb, 08 February 2019 - 09:22 AM.

[zoropb]

One more scenario, we make a new low at open then up in a abc pattern 4+ levels.

[zoropb]

came off half the trade target is near L3 off last night low.    87+ 3xL = 2708.75

[zoropb]

stopped on 2nd half looks like scenario 3 playing now.

[K Wave]

Try as they might, bears do not seem to have the firepower make much of a dent in the key pivot zone....

 

If they do not act decisively very soon, bulls gonna take the ball back....

[zoropb]

Kw with that gap open, I doubt we were going to go very far without closing it first.  Im not worried about the lower gaps I know those will be closed but if we are going to go way lower then this gap up there needs to close unless it stays open for a couple of years which I doubt.