151k IN ES @ 37.50

[benwm]

Quote from lurefo:

it was an insignificant level.

I disagree...I mean though clearly not a typical S/R that huge volume clearly sucked in a lot of buyers earlier in the week and price trapped above ever since...

I think it will take a lot to get back above 1137.5 again, though I could be wrong of course..

 

[andrewbee]

Quote from benwm:

I disagree...I mean though clearly not a typical S/R that huge volume clearly sucked in a lot of buyers earlier in the week and price trapped above ever since...

I think it will take a lot to get back above 1137.5 again, though I could be wrong of course..

Kinda feels to me like when it bounced between 1000 and 1040 for ages last fall, before finally making up its mind to head higher. I think we'll see a ~40 pt range for a while, before heading higher again to 1250, and then correcting big-time.

I know, my powers of prediction are awesome

 

[benwm]

Quote from andrewbee:

Kinda feels to me like when it bounced between 1000 and 1040 for ages last fall, before finally making up its mind to head higher. I think we'll see a ~40 pt range for a while, before heading higher again to 1250, and then correcting big-time.

I know, my powers of prediction are awesome

that's pretty specific..!
So far you're 100% right.