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both in just today's action, which is chop IMO, so I don't put much weight into either. Failed W: 59 low to 66 high = 7 pt height. 2nd leg 62->65 (65.5 ok and just hit) Target = 58ish Failed M: 66 to 62 = 4 pt height Failed at 65->63 Target = 67ish

conversely, there is an opposite dragon (H=~7) with failure at 1065ish. but if ES can't break below 1063 soon, it looks like we're going up.

nice catch. I was close to going long at 1062.25. H=8 on ES, target = 69.

EUR/USD giving up all of yesterday and more. Goldman breaking down. Time for ES 10 pt crash to low 50s?

I was thinking double bottom at 62 as the sure cover spot. Not sure why you'd think 61.50 is in the bag, although I'm looking for a selloff to LOD and will see how price reacts to close my shorts.

There is a dragon in AH that failed at 64 (the gap fill). H=7 so target would be 57. If we fill gap perfectly/barely and turn down this may be a good target to cover.

I don't recall seeing a day in which ES failed to reach S1 or R1.

worked just now. @54.25 W% hit 0 and 52.25 printed within a minute. now 52

out at the 49.5 pop, overall +5 pts scalping 1-3 contracts. The double bottom @ 47.50 has me worried to try again.

47.5 is key, and the PP (49.25) seems to be becoming R, so I still like being short. I'm not putting a lot of weight into the dragon, as you can tell from my scalping. I've scalped a lot more since I posted. Right now I just have one short from 50.50 with stop at 49.5. If we break below...

stopped on last 1/3, back in at 50.50. DT at the failure, :D

out another 1/3 at 49.5. stop moved to 51 target = 44 for last 1/3.

DRAGON:

dragon is on. short 51.25 out 1/3 at 50.5. will post dragon in a minute edit: stop is 52.5

edit: just realized my math typo. height is 8.25 failure should have been around 51.50

pretty close dragon pointing to 43.75 (in line with Pekelo's bounce up target). Will post in a minute. height = 6.5, failure occurred at 50.25 instead of 50.75.

on the 5 min, I see a triple divergence on both MACD histo and RSI (not as strong as MACD histo). edit: RTH, 1st high was 3:30 yesterday, 2nd 10:15AM, 3rd 11:05AM.

I just noticed the IHS over the past week (RTH) w/ 40 pt height and NL around 55-59. edit: actually I did anticipate the right shoulder forming, but I thought it would come with slope like the neck and fill the 37 gap.

daily BANK,ES,NDX all look like a downtrend in place to me. I'll change my mind at ES>55, NDX>1710, BANK >1685. Still holding SPY puts. Target ->gapfill

smelling like a double bottom at R1, but RSI surprisingly hasnt hit OS line yet. Maybe form a right shoulder and selloff EOD to fill gap?