Exactly. For instance it can wait for Friday news to seriously liquidate and instead continue this weak progression till there. But it's only a possibility. Take this market a piece at a time.

Lock's Cable Corner

Note Pit poor low is at 3898 and GB poor low is at 3890: in case of liquidation: but we have to see acceptation below 3919 to see such a liquidation (or a spike test in the last periods)

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Anyhow main levels for GB are yesterday GB close 3919 (that it already tested twice always failing) and GB Friday weekly close 38535: acceptation above them and a clear rejection below them can lead GB to spike test again. Acceptation below them (at ...

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The monthly trend is up as in the last 5 months we never saw a monthly low taken out. So this is a simple technical fact. As it is a fact that we are also in a new born weekly trend upside (last three weeks) after some balance. An other thing is my ...

Lock's Cable Corner

And that's probably the reason we saw Sydney so impulsive at open. They knew they will not have China nor US against in a monthly established trend upside.

Lock's Cable Corner

There are no orders from NY (and there will not be for today) but we got no orders from China too.... Clearly we will se some shake out after.

Lock's Cable Corner

Now, considering the very tiny range of current GB session I suggest to consider this range as the balance from which eventually the break can occur.

Lock's Cable Corner

Current H period is inside G period that is inside F period that is inside E period range: full balance and balance rules clearly apply. Current period H or last 2 GB periods can lead to a break out above or below balance range. Note that currently ...

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Well, it did something more... I wrote many times to be aware of the monthly trend upside... Anyhow a fast top-down recap We are in a monthly well established trend upside, in a weekly newly born trend upside and in an attempted break from daily ...

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If instead you will see liquidation before to take out those poor back to back highs (today and yesterday), be almost sure to come back upside again to remove them.

Lock's Cable Corner

Note also current very elongated A period... I don't know as sometimes things happen, but take note of 38345 highest pit unch of the year: if it will take out current poor high and yesterday poor high but then you will not see a clear acceptation ...

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So Pit opened slightly above 3800, tested it, found nothing below and rallied upside toward yesterday pit poor high 38325. now we are above yesterday pit unch 3816: for any meaningful continuation upside we need acceptation above it. If not, expect ...

Lock's Cable Corner

As you see the invitation to be prudent could be useful... Let's see at Pit open. And in any case the level to consider is 3800 as it is yesterday pit low (poor) Monitor for the possible formation of a new gap downside. If so and if preserved at ...

Lock's Cable Corner

in the case PreUS and Pit will continue higher we have 38175 Sydney poor high and 38325 yesterday Pit poor high to take out. But again, be prudent.

Lock's Cable Corner

Now in these last 2 periods GB is attempting some sort of break from balance, Anyhow yesterday Pit poor low is exactly here at 3800, so considering that preUS will give a lot of importance to such level, I suggest to be prudent. The other important ...

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it went back to balance. Now, current low is a perfect tag of a previous Pit low at 3775, so it is a weak one but we are in a monthly trend upside and on Friday. We are into balance. See you later to see if the last couple of periods can evade it up ...

Lock's Cable Corner

Now let's see if it will be try 3813 yesterday GB low (filling the double gap) or if will retrace again into balance

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Failure below 3786 and here we are at 3800

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And in case of failure below 3786... all the way back upside toward 38 or double gap (Yes GB low).

Lock's Cable Corner

So Tokyo 3786 has been removed and B period closed below it. To have acceptation we need an other period closed below it. If so 3761 is possible. If already in a position stops can be placed above 3786 somewhere. Always consider current action for ...

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