BTW, the unemployment rate was cooked. CNBC reported that it's actually 5% higher than reported. They can only extend this rally so many times, it has to crack.
YM Perfect .618 replacement
Started by
linrom1
, May 08 2020 08:10 AM
2 replies to this topic
#1
linrom1
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#2
Darris
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Posted 08 May 2020 - 10:36 AM
The boyz have been instructed for feel good Friday, so ES should probably end in the 2930-2940 range, or right near the pre-MSFT earnings cash close before we ran up to 2965 overnight. The natural flow of price is starting to populate a large amount of each days volume and or consolidation around the simple version of calculated pivot points. If you go back to Sunday night gap down, the ES low of 2771 was the S2 zone. Today's R2 is in that 2930-2940 zone depending on what close you use, as in 4pm cash, 4:15pm ES settlement, or 5pm last trade.
#3
linrom1
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Posted 08 May 2020 - 03:35 PM
They did extend retracement to .786 to about 24500. Let's see what happens Sunday night?
