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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (45174)11/30/2021 3:47:22 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97959
 
That was the 10min chart.
Here's the 15s chart since then.
Unless there is a big rally into the close, this is a technically bad day, which is to say likely there is more selling to come...but what do I know.

What the picture below is really saying is that there is an orderly sell off going on - no panic - with little bits of consolidation and retest below the fib. Which is why, barring some major news, the selling will continue.

Next fib for ES is 4530, then 4481. Both have bands around them. My fibs mark trading ranges not absolute support/resistance levels.



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Bigger picture:
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