for this market not even able to retest the 60 swing hi is flat out pathetic & weak....i`ll be looking to sell the hell out of it from here on out.....
If this bum gets up off the mat and gets back to 45-46 it could go down again....maybe for the 10 count this time!
... the last time you were in a trade, I was talking you through it son. You might have gotten some skils since then. JJ
My work shows a very strong S/R zone in the 1448-1450 area. We penetrated that zone on a spike Friday morning when the Fed made its announcement, again late in the day Friday, and yet again in the pre-market this morning, but could never get any real upside momentum going. About 9:45 this morning, ES descended into this zone, fought with it for about 2 hours, and then dropped below it fairly decisively. As long as we remain below the 1448-1450 area, I'm looking for lower. I went short at 1445.75 at 11:51 am with a 6-tick stop, then quickly lowered my stop to breakeven. I'm showing some support at 1421-22, 4210-11, 1389, and very strong support at 1377-73. However, this downmove from 1450-48 has been a little underwhelming, so a retest of that zone is certainly a possibility. Last paint 1438.75 (+7). Looking for a re-test of LOD at 1437.25.