if it gets a foothold below 1593 and the 12h close below 1617. It may make 1593 area a /resistance when fighting the 1510 day support.

The Swamp

It may need to use 1639 as a R.. It may give another chance

The Swamp

back to 1617.. It will need a 12h close below to break the 12h up trend. Another may require the same at 1593.

The Swamp

I think the year closed on the bear side. I think the Powell news did help with the early week rise. I placed a trajectory near Jan 1, with an average month range stopping on jan 31. this is what it looks like. It looks to be on schedule. An ADR and ...

The Swamp

a 6h close below 1639... the 6h closed bearish, of course it may be attracted to 1659. But it has to get back above 1639..It may not be able too. the 12h usually follows the 6h the next day.

The Swamp

url If you can view it.. You may get scared

The Swamp

The 12h and 6h did agree on a day bearish close structure. The problem for me is the 12h close is above 1639. That is a mixed sign. It may indicate 1639 will be tested. But it is still a support as is 1637. Until taken with sustained closes below

The Swamp

the 6h on the bear side. The 12h usually follows.. it looks like 1617/1593 may be tested A 1h close below 1637 may be a sign for fall.

The Swamp

I need 1639 to cement as R Its after LC now. The 12h did suggest a push down.. If its solid the normal retrace to 1651 may not happen, or it may just wick there tomorrow.

The Swamp

Its safe to say 1680 is not in the cards with 30 minutes left. I thought if it got a foot under 1639 it may accelerate. I see 1639 and 1637 as a possible bounce. I think they could just be a speed bump. It isn't over till its over. Back below 1639 ...

The Swamp

Metallurgy is not my specialty. I'm not a structural engineer. I have noticed, rebar in wet salty conditions seems to expand. The concretes around it seems to detach from the expanding rebar (cracks the concrete, making it able easily to visually ...

The Swamp

It tried to reach 1680.. it was slapped down. It may try again for 1680. Its acting like it will fall after LC, or if its not even going to make it to 1680.

The Swamp

Modern man just has to use the concrete the romans used in the places where saltwater intrudes. No rebar was needed. The concrete was better for saltwater. I don't know if it would work on high rises. The coliseum and other structures are much older ...

The Swamp

Concrete is just a hard sponge. Water passes through it. In this case its salt water. Salt water oxygen and bar rebar steel don't mix for a structure. All those buildings are made with steel rebar where every storm and even wind puts salt in them. ...

The Swamp

Yeah 1665/64 didn't let it this time. But the day structure remained bearish to try again after the bounce. Its likely to be drawn to 1680 or more in the next 6hs. That's not a lot of pip from here. It is a higher place to fall from.

The Swamp

the 12h close did not close under 1665.. It did close below 1680/81.. It looks like it will bounce. Later it may return to retest 1664x again. day wise it didn't hold -1665 on this 6h/12h try, but its likely to retry. LC is the next 6h candle close.

The Swamp

the 6h set up the 12h if what happens most times works. LC can bring it to 1680 again. But 1664/65 may not let it to go there. The 6h indicates the 12h will drop. To me its in sell the bounce mode. If it is allowed to get below 1639.. That looks ...

The Swamp

keep and eye 1664/65.. it will support or break. its the same 6h as before.. the 4h is in the high today area

The Swamp

I have a bear b/o after the next 6h close below 1664 (and sustained), for the South. But before the 6h close -1653 sustained below is more neutral, bear b/o -1628 sustained. It likely to be bearish sustained below 1639 anyway. with the same 1606/17 ...

The Swamp

now pa is below 1683x. I favor down.. with 1643/44 39 support needing to give up to test 28.. a 12h close below 1617.. clears 12h support.

The Swamp